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Govt´s ultimatum to road developers

Roads & Highways
January 1, 2016January 1, 2016
Govt´s ultimatum to road developers
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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.

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