NHAI now wants to award projects depending on market conditions as it wants to focus more on EPC mode of project construction and is seeking flexibility since the 60:30:10 formula is not always implementable. Under HAM, the government provides 40% of the construction cost, while the rest is arranged by the developer. Land acquisition and toll collection are the government's responsibilities. Private investment brought in through BOT has remained subdued over the past couple of years, Union transport minister Nitin Gadkari said that the ministry would stick to the EPC mode, which is fully funded by the government, while awarding road projects as in the current scenario, when the private sector's ability to invest has been limited by the global slowdown and the agency is seeking flexibility. It will also come up with a clause that these projects are monetized within three years and the EPC mode will also boost spending, which the government is looking for ardently.
