Running out of patience for their ¨lack of commitment and lackadaisical approach¨, the government has warned non-serious developers and bankers of terminating highway projects worth Rs.20,000 crore. ¨If developers and bankers fail to mend their ways and initiate correctives to roll out projects by January-end, the government will start terminating contracts in PPP mode and repackage them,¨ said Road Transport and Highways Secretary Vijay Chhibber.
FlashNews:
PIDG Expands India Portfolio, Mobilises ₹29 Billion for Sustainable Infrastructure
Anant Goenka Takes Charge as FICCI President; Centenary Logo Unveiled by Piyush Goyal
InfraPandit Awards 2025 Spotlight Doctoral Research Driving India’s Infrastructure Future
India Eyes US Trade Framework Deal by Year-End; FDI Strategy Expands Beyond Market Access
Centre Weighs Infra Status for Hotels to Unlock Tourism Investment: Shekhawat
India’s GDP Surges 8% in H1 FY26, Driven by Infra and Services
SIA‑India Pushes Bold Budget, Hybrid PLI to Power Space Sector Takeoff
South Asia Must Scale Hydro, Storage and Power Trading for Grid Integration: CEA Chief
India Can Save $204 Billion in Infra Pipeline with Better DPR Planning: Vector Consulting
Prime Minister Modi Inaugurates Skyroot’s Rocket Factory; Company Targets $21 Billion Launch Market
IWAI Signs ₹13.5 Billion MoUs to Boost Ganga Waterway in Uttar Pradesh
MOVIN Launches Healthcare Logistics Vertical to Tap India’s $638 Billion Industry
Atlanta Electricals Secures ₹2.98 Billion Transformer Orders from GETCO
Waaree Group Wins 10 MWh BESS Order in Tamil Nadu, Expands Domestic Storage Manufacturing
Cabinet Approves ₹27.8 Billion Rail Multitracking to Boost Gujarat and Maharashtra Connectivity
BC Jindal Group Secures 150 MW RTC Power Deal with SECI
India’s Data Centre Revenue to Hit ₹200 Billion By FY2028, Driven by AI, Cloud and 5G: Crisil Ratings
Sanchar Saathi Recovers 50,000 Phones in October; Crosses 700,000 Nationwide Since Launch
Akasa Air Expands Northeast Connectivity, Adds Dibrugarh as 32nd Destination
Home » Govt´s ultimatum to road developers
Govt´s ultimatum to road developers
Roads & Highways
January 1, 2016January 1, 2016
Leave a Reply
You must be logged in to post a comment.