nhbf

The Union Cabinet’s decision to bail out financially stressed highway projects by easing payment schedules has come as a respite to highway developers. Incidentally highway developers were under considerable stress due to rising construction costs as well as non-availability of loans from banks. Ministry officials apprehensive about legal implications of decision: However, officials in the […]

With the government giving its approval for the bailout of the highways sector, developers have requested the Prime Minister to have a revised rescue package implemented for highway projects. This request was primarily promulgated by the developers to ensure that the bailout package that the government implements is dissimilar to the flawed exit policy that […]