India, May 17 -- India's highway sector may have just undergone one of its biggest structural policy shifts in years. The government has opened BOT toll road projects to financial investors such as sovereign wealth funds, pension funds, and infrastructure funds. These investors no longer need construction expertise because they can simply hire EPC companies to build the projects. At first glance, the move may look technical. In reality, it fundamentally changes how Indian highways can now be funded, owned, and developed.

What Exactly Has Changed The Ministry of Road Transport and Highways has introduced a new framework allowing financial investors to directly participate in BOT highway bids floated by the National Highways Authority of I...