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NHAI may terminate 3 road projects

NHAI may terminate 3 road projects

Taking note of a three road developers' inability to furnish Performance Bank Guarantee (PBG), the National Highways Authority of India (NHAI) board on August 23 considered termination of the three road projects. NHAI said that the board considered three projects for termination due to the inability of developers to furnish IMG. There were seven more projects, which are not moving, in the list. These projects were left out now, NHAI said.