The Union government on February 19 deliberated on providing compensation to road project developers for delays in obtaining environment clearances and land acquisition, besides providing early exits to highway developers. The issues were discussed in a meeting between the Prime Minister's Office, the Ministry of Road Transport and Highways and the National Highways Authority of India.
Tag: delays
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Highway developers may get compensation for delays
The Union government on February 19 deliberated on providing compensation to road project developers for delays in obtaining environment clearances and land acquisition, besides providing early exits to highway developers. The issues were discussed in a meeting between the Prime Minister's Office, the Ministry of Road Transport and Highways and the National Highways Authority of India.
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Govt may not able to award 9,500 km projects by Mar
The Union Road Transport and Highways Ministry is unlikely to meet the target of awarding contracts for developing 9,500 km of roads by March end in view of the economic slowdown and delays in environment clearances.
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Road sector’s slowdown hits construction equipment sales
Construction equipment market in India has been shrunken due to the slowdown in road projects and delays in environment clearances. The present construction equipment market in the country is valued at $3.5 billion. A ban on quarry activities in many States has also impacted the sector.