Finance Ministry may temporarily renew contracts of 23 BOT projects

The Ministry of Finance is studying a new mechanism to temporarily renew contracts with investors operating projects developed on state land under expired or expiring BOT agreements, aimed at preserving operations and increasing state revenues until the projects are publicly auctioned and transferred to new investors. Under the proposed mechanism, original investors would continue managing, … The post Finance Ministry may temporarily renew contracts of 23 BOT projects appeared first on Times Kuwait .