Facts for Prelims (FFP)
Source: Live Mint
Context: The Minister of Road Transport and Highways in India, has suggested the revival of the Build Operate Transfer (BOT) model for road construction projects.
- This proposal is in response to a lack of private investments in the sector, which has strained the government’s finances.
- In recent years, the government has primarily funded highway construction through the hybrid annuity model (HAM) and engineering, procurement, and construction (EPC) model, resulting in a significant increase in budgetary support to the National Highways Authority of India (NHAI).