Facilitation of harmonious substitution of Concessionaire in the ongoing and completed National Highway Projects

The Cabinet Committee on Economic Affairs today approved the proposal to facilitate harmonious substitution of Concessionaire in ongoing and completed National Highway Projects.  This will expedite implementation of road infrastructure in the country and insulate the National Highway Authority(NHAI) from heavy financial claims and unnecessary disputes. The proposal aims at revival of the sector by facilitating substitution… Read More

Tags: Cabinet Committee of Economic Affairs, CCEA, Concession (contract), Concessionaire, finance, Lenders, National Highway Authority of India, NHAI, PPP, Purchasing power parity