Despite EPC switch, no road project awarded since May

Since May this year, the National Highways Authority of India (NHAI) has failed to award even a single highway development project. This is despite the authorities taking a decision to shift to the EPC (Engineering Procurement Contract) format for offering projects to developers, primarily to tide over the lacklustre response seen from private players to the other public-private partnership (PPP) formats that includes highway sections offered on the Build, Operate and Transfer (Toll) model.

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