The Union Cabinet Committee on Economic Affairs (CCEA) has cleared premium rescheduling of road projects (means, postponement of premium payments by highway developers) and referred the matter to a panel for fine-tuning. The move could help infrastructure majors such as GMR and GVK whose projects were facing delays on account of high premium.
Tag: rescheduling
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Planning Commission, NHAI differ over Rs 6000-cr project
The Planning Commission is not in favour of the National Highways Authority of India's insistence of rescheduling the premium of Kishangarh-Udaipur-Ahmedabad highway project. The Planning Commission is of the view that NHAI should go for re-bidding of the Kishangarh-Udaipur-Ahmedabad project in the wake of GMR walking out of it.