However, the firm pointed out that risk allocation in concession agreements would be critical for the success of the PPP model and the availing of debt capital.
“Nature of risks will differ for BharatNet compared to traditional infrastructure assets because of the wide geographical area of the project, technology involved, competition in the telecom space, and associated risks,” Ind-Ra said.
On June 30, the Union Cabinet approved the implementation of BharatNet in 16 states through PPP. The network will cover 3.61 lakh villages through gram panchayats (GPs) or village blocks.
The revised strategy for…