Abstract
The build operate transfer scheme can be advantageously adopted by municipal administrations in India for implementing transport infrastructure projects, such as the construction of bridges, without undue strain on their declining budgetary resources. The simulation model developed by the writer permits the examination of the financial viability of any proposed build operate transfer transport infrastructure project, as affected by various options relating to the toll structure, toll revision schedule, extent of the municipal grant, and duration of the concession period. A realistic case study of a municipal bridge project illustrates the application of the simulation model.
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