The land availability may have remained one of the prime reasons behind the delay in NH-8 project, but the developer- Pink City Express Private Limited (PCEPL)- has made some observations which point out other reasons for the delay.
In its report, the company mentioned that public protests demanding higher level of service and maintenance of the existing lanes were a major reason for the delay in execution of the said project.The agreement stated that during the construction period, the concessionaire shall maintain at its cost the existing lane of the project.
However, the company claims that the project that was to be completed in 30 months could not be completed even after five years. This led to an increase in financial burden on the developer which was not estimated in the financial module.Maintenance
FlashNews:
Power Minister Reaffirms Investor Confidence in India’s Infrastructure and Energy Agenda
Wabag Invests in Deep Tech Startup Nimble Vision Under Blue Seed Programme
Mumbai Airport Reports Sustainability Gains with Green Energy, Innovation
Minister Joshi Calls for Stakeholder Action to Drive India’s Leadership in Green Hydrogen Revolution
Power Minister Launches India’s First MWh-Scale Vanadium Flow Battery at NTPC’s R&D Hub
IndiGo Launches Daily Direct Flights Connecting Delhi and Guangzhou
Sembcorp Wins 150MW Dispatchable Renewable Energy Project Under SJVN’s 6,000 MWh Tender
RVNL Expands Beyond Rail with ₹5.35 Billion Visakhapatnam Port Authority Infrastructure Deal
ABB Launches Cybersecure Gas Chromatograph to Transform Industrial Process Analytics
IN-SPACe and SIDBI Launch ₹100 Billion Fund to Propel India’s Space Startups
RUSAL Drives AI-Powered Digital Transformation in Logistics and Quality Control
Emirates Marks 40 Years in India, Charting the Next Era of Global Connectivity
Nine Cities Poised to Lead India’s Next-Gen Real Estate, Logistics Expansion: JLL Report
CII Seeks Sovereign Fund to Finance India’s Long-Term Growth
Air India Express Adds Nagpur, Launches New Abu Dhabi Routes to Strengthen India-Gulf Connectivity
AISATS Launches New Logo Reflecting Innovation, Technology, and Sustainability
Welspun Enterprises Wins ₹31.45 Billion Contract for 910 MLD Water Treatment Plant in Maharashtra
IWAI Boosts Inland Cargo with PPP Transfer of Kalughat, Haldia Terminals
IRB InvIT Fund Acquires Three Highway Assets Worth ₹84.36 Billion, Expands Portfolio to Nine Projects
Home » Maintenance of lanes led to delay in NH-8 project
Maintenance of lanes led to delay in NH-8 project
Infrastructure Finance
November 1, 2015November 1, 2015


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