The Planning Commission is not in favour of the National Highways Authority of India’s insistence of rescheduling the premium of Kishangarh-Udaipur-Ahmedabad highway project. The Planning Commission is of the view that NHAI should go for re-bidding of the Kishangarh-Udaipur-Ahmedabad project in the wake of GMR walking out of it.
The issue of premium restructuring came up after GMR had approached the Prime Minister’s Office (PMO) asking for back-ending of their annual premium of Rs 636 crore to salvage the Kishangarh-Ahmedabad project.
GMR Infra backed out of the six-laning of project in January this year, citing NHAI’s failure to get an environmental clearance for the project and to notify the revised toll rate on this stretch being widened from four to six lanes.
Leave a Reply
You must be logged in to post a comment.