Back to basics at road ministry with EPC model
Timsy Jaipuria: New Delhi, Feb 14 2013, 02:48 IST
basis, according to official sources. Faced with huge slippages from targets, the ministry reckons that the less time-consuming EPC mode could be preferred. EPC mode takes only 3-4 months for award of a project while BOT takes 18-20 months.
Chatterjee said the government is unable to attract investors in PPP projects even with a higher ratio of viability gap funding. Sources, however, say the ministry is unlikely to meet the target to award 4,000 km of road projects on EPC this fiscal as the process has started only recently.
Interestingly, of the total around EPC projects covering 4,000 km that were slated to be awarded this year, only one project covering 130 km has received all approvals and the rest are awaiting approvals.
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