Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

The construction of road and related infrastructure like flyovers and bridges in our country could be a big scandal. Windfall profits may be available to those involved in this business which is best known by the acronym, BOT - build, operate and transfer. .Is ours is really Welfare state?

Tags: money, education, bot
Asked by venkatesaldevarajan, 07 Mar '10 05:44 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (2)

 
1.

All construction activities like roads, bridges, buildings, dams, canals etc are all steeped in corruption right from the drawing board , estimation, tendering and execution. All the vested interests the political bosses, the engineering departments, the contractors and the local petty politicians take a cut of the investment, usually having a highly bloated estimate amount with so many components which will never be executed and not necessary for the successful completion of the project. The BOT system could easily find favour with the Govts because the cash strapped Govts can not think of a more attractive alternative. The project finance is arranged by the contracting firm and all the vested interests are assured of the "statutory " cuts in the project execution. So it is immaterial whether Govt works are executed thru the old methods of estimation, tender floating, awarding contract and execution with Department's supervision or the newer BOT system, the treasury of the Govt ...more
Answered by thampy chacko, 07 Mar '10 06:01 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

What do you mean by COULD BE. is is always been scandulous and profitable for contractors and beaurucrats and politicians right from the times of mr jawahar lal nehru. are u aware how much money was made illegally in Bhakhra Dam by this nexus. and you are waking up top this problem almost after 50 years. where were you before this man
Answered by iqbal seth, 07 Mar '10 05:49 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

Lets see what package you are talking about :# An SPV will be designated to provide liquidity support against investment grade paper to Non Banking Fi..more