IDENTIFICATION OF RISKS AND SUGGESTION TO MINIMIZE IT. CASE STUDY OF - SANGLI ? KOLHAPUR FOUR LANE PROJECT

? The main roads in India are under huge pressure and in great need of modernization in order to handle the increased requirements of the Indian economy. In addition to maintenance, the expansion of the network and widening of existing roads is becoming increasingly important. This would then enable the roads to handle increased traffic, and also allow for a corresponding increase in the average movement speed on India's roads Classification and definition of risk in project financing, concluding that the allocation of risks to the parties in BOT projects is the key ingredient for successful project completion. Risk classified according to the following BOT project phases: ? Development phase -technology, credit and bid risks. ? Construction phase -completion, cost overrun, performance and political risks.