India’s Road Ministry Tightens Bidding Norms to Curb Catastrophic Project Failures
The Ministry of Road Transport and Highways (MoRTH) has officially overhauled its bidding criteria for Hybrid Annuity Model (HAM) projects, introducing a stringent disqualification clause for developers linked to ‘catastrophic failures’ in previous infrastructure ventures. Effective immediately, this regulatory shift aims to bolster project quality and prevent the chronic delays that have historically plagued India’s…