Highway developers have filed for claims amounting to over Rs 20,000 crore to road projects before various courts and arbitration tribunals across the country. According to the National Highway Builders Federation, these claims relate to additional cost incurred by the highway builders on account of delay in land acquisitions, shifting of utilities, cost escalation due to delay in the completion of projects and additional expenses owing to change in the scope of the projects. M Murali, Director General of NHBF said that highway developers have to incur additional expenditure on account of change in the scope of the project mid way. There is also considerable amount of delay in project completion and operation dates.
FlashNews:
Shri Jitendra Srivastava assumes charge as CMD, REC Limited
India’s Aerotropolis Plans Get Further Boost with Hisar Airport
REC Limited Signs MoU with MMRDA for ₹1 Lakh Crore Investment in Mumbai Metropolitan Region (MMR)
NBCC CMD K.P. Mahadevaswamy Assumes Chairmanship of SCOPE
Hindalco to be a force for good with engineered solutions transformation: Kumarmangalam Birla
HSR Needs Fast Tracking
RECPDCL Handovers Ratle Kiru Power Transmission Limited, a SPV of Transmission Project, to IndiGrid 2 Private Limited
RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited
Showcasing India’s Supply Chain Revolution
Highlighting the Future of Smart, Sustainable Infra
Driving Sustainability Through Innovation
REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
IIFCL Launches its Gender Equality and Social Inclusion (GESI) Cell on the occasion of International Women’s Day 2025.
IIFCL and CBI Sign Expression of Interest to promote Sustainable Infrastructure Financing in India
CCI India presents 1st edition of CEO Round Table Conference on Agriculture
Jayesh Ranjan & Cement Expo Forum Leaders converge in Hyderabad
Fluence Launches Advanced Smartstack Platform for New Energy Storage Era
NBCC inks MoU with NIT Kurukshetra valuing Rs. 300 Crore
REC Foundation Commits ₹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Home » Highway builders seek Rs 20,000 crore from NHAI
Highway builders seek Rs 20,000 crore from NHAI
Roads & Highways
August 1, 2014August 1, 2014

Leave a Reply
You must be logged in to post a comment.