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24 highway projects fail to take off, seek bailout
July 12, 2013July 12, 2013by In Roads & Highways

24 highway projects fail to take off, seek bailout

Of the 27 high-density national highway corridor projects awarded two year back to road developers by the Centre, 24 sections have failed to take off due to different reasons, including delays in environmental clearances and land acquisition. The 24 sections of road projects worth a whopping Rs 34,000 crore and spans over 3,500 km. From these projects, the National Highways Authority of India (NHAI) had hoped to earn over Rs 1,00,000 crore through premium income, spread over a period of up to 30