Nepal’s Kathmandu-Terai Fast Track road to be built under annuity model?

India's Infrastructure Leasing & Financial Services (3148 IL&FS) has offered to build the 76km, US$1.01 billion Kathmandu-Terai Fast Track road in Nepal under an annuity model, proposing that the government issue a global tender. This model is suitable as investors, including IL&FS and other Indian firms 1234 Reliance Infrastructure and 6458 Larsen & Toubro, have proved unwilling to undertake the project under a BOOT system. The Kathmandu-Terai Fast Track road will carry an estimated 3,000 vehicles a day.