Wednesday, July 16, 2008

Road projects may get more co-drivers

This news item in ET says tht NHAI is in the process of revising the guidelines for bidding in RFQ statge. Developers went to the court asking for that change since NHAI asks for vast experiences in road sector which only large developers are experts in.

In addition, the government is considering to limit the number of projects that a single player can undertake in one year to 5-6. In order to prevent monopoly, there is also a proposal to limit the number of bids that a single company can make in a month.

I hope this will end up the monopoly of big firms like E & Y/ RITES/ IL&FS etc to name a few.