UPA Score Card: Sadak
Thursday, March 26th, 2009Government had made the model concession agreement (MCA) mandatory for the highway projects that were to be awarded through PPP route. MCA allows projects to be carried out on the basis of build-operate-transfer (BOT) and build-operate-own (BOO). While MCA ensures risk and reward involved in implementation of the projects is optimally balanced, it also promises increase in the pace of project award. However, recent statistics of project award for national highways shows that government is lagging behind in awarding the projects. (more…)