The Union government may consider to reschedule premium payment worth Rs 98,000 crore to be paid by private road concessionaires to National Highways Authority of India (NHAI) for 23 road projects. The Cabinet Committee on Economic Affairs (CCEA) would soon to consider a proposal in this regard.
Tag: premium payment
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Govt to review NHAI-GMR proposal over premium payment
The National Highways Authority of India's (NHAI's) recommendation with regard to road developers' premium payment is likely to be reviewed by the Union Road Ministry. The Ministry will review NHAI's recommendation to defer payment of premium by companies like GMR who has agreed to certain conditions by the Authority to ensure they do not leave the project after the government approves the proposal.