Citing the continuing economic slowdown that has impacted their projects, private highway developers are urging the Union government for maximum relief. Road builders like IRB, L&T, Reliance Infra, Ashoka Buildcon and Essel Infraprojects have started 16 premium projects and they want the government to allow rescheduling of annual premium payment.
The government is considering 23 other such stressed road projects. The Union Highways Ministry has sought Cabinet approval for rescheduling of upfront annual revenue or ‘premium’ in case these stressed projects.
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