The model concession agreement for build operate transfer (BOT) road projects has been modified to equitably share risk and rewards with concessionaires, union road transport and highways minister Nitin Gadkari said Tuesday. Speaking at third edition of Build India Infra Awards 2026, he said Rs 2 lakh crore BOT road projects have been lined up where contractors have a 10-15 year defect liability period.
“We can monitor the vehicular traffic data. Both profits and losses can be shared with contractors and government under the new BOT concession agreement,” the minister said.
Commenting on improvements of national highways, Gadkari said 350 land slide spots have been identified and Rs 40,000 crore are being spent on rectifying black spots. The minister announced a new scheme is being prepared to partner with state governments for building highways. He said there will be elements of cost sharing in lieu of land acquisition by the state government under the scheme being readied.
The minister said tolling techniques are improving and queues of cars at plazas will be eliminated by December-end.