Abstract:In March and December 2018, the Indian government auctioned two bundles of roads to monetize its assets using the Toll-Operate-Transfer (TOT) model. This paper focuses on understanding spatial distribution of monetized road assets for TOT I and II. Our hypothesis is that there are likely to be strategic reasons for the spatial distribution. The research design consists of comparative case studies of these two auctions. The data sources include in-depth interviews with bidders, government officials, and analyst… Show more
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