The National Highways Authority of India (NHAI) awarded a whopping 49 projects totalling 7,500 km last fi nancial year. But this fi scal, in the fi rst six months, the authority has managed to award just four projects measuring 560 km. NHAI attributes this situation to eco-denomic slowdown. Infrastructure companies, who grabbed every road project on offer last fi scal, are now not showing interest to take up these projects. None of the projects awarded last fi scal was on engineering, procurement and construction (EPC) basis, where NHAI would have had to bear all the costs. All the awards were on build, operate and transfer (BOT) basis, where the bidders shouldered the entire burden.
In fact, for as many as 32 of these projects, the bidders had also offered premium totalling Rs 3,000 crore.
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