EPC is a PPP model in which project cost is fully covered by the government together with the majority of the risks—land acquisition, cost overruns due to delay, inflation and commercial.
The private developers were supposed to design, construct and hand over the road projects to the government—maintenance, operation and toll collection being the government’s responsibilities.
Contract was given to the private player who offered to construct roads at the lowest cost/price guaranteeing the desired quality levels.
