The Union government has proposed to impose hefty penalty on overloaded vehicles on toll roads. More and more roads are coming under toll collection. However, the governmentĆās proposal to impose the penalty on overloaded trucks is likely to benefit highway developers.
Tag: penalty
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Road builders may have to pay fine to exit road projects
Union Road Minister Oscar Fernandes has said that road developers in the country will not be blamed for delays in regulatory procedure but have to take responsibility for their own faults and may have to pay up to 1 per cent of total project cost as penalty for exiting. If there is any fault on the part of the concessionaire, then there will be a penalty of a maximum of one per cent, of the total project for the developer to exit the project, he said.
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Mining firms in Odisha gets notices
Several mining firms in Odisha received notices from the state government seeking penalty for
mining "without statutory clearances" over the past deca