Optimization of Bid-Winning Potential and Capital Structure for Build-Operate-Transfer Road Projects in India

Build/Operate/Transfer (BOT) arrangement has gained wide acceptance across the world for providing public infrastructure. Such arrangements, which reallocate risks and rewards between public and private sectors, present complex issues for the prospective concessionaires. During the bidding stage, the prime concerns of the private investors are the bid-winning probability and financial profitability of the project. In Indian BOT highway projects,...