Haryana to find way to push forward stalled Western Peripheral Expressway project within a month.

Q: If Haryana Government wishes, Highway Authority (NHAI) has also offered to take over the project .

Tushar Surendren, Delhi

3rd December 2014

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Hi Mr Tushar,
Facing criticism for inordinate delay in the completion of Western Peripheral Expressway (WPE) or KMP expressway, which is one half of the ring bypass around Delhi, Haryana government on Monday made a commitment to the Center to find a solution to the stalled project in the next one month.

Akash Kanojia, Delhi

3rd December 2014

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As per authority the options being weighed are replacing the present concessionaire and to undertake the remaining construction work under government funding mode. As per Haryana Chief Minister , completion of the stalled project is one of the priorities of the new state government.

Raj Roy, Delhi

3rd December 2014

Sources said that the outstanding debt of about Rs 1,300 crore provided by a consortium of banks to this 135 km project has become the biggest problem for Haryana government. It's clear that the present concessionaire cannot complete the project and the company has to be replaced. But we have to address how the banks can get back their investment.

Richa, Delhi

3rd December 2014

Authority added one option discussed was to take over the project and build it with government funding. The toll amount that would be collected can be used to pay back to the banks. Even if the banks would have brought in a new concessionaire, which they are entitled to in a PPP project, they would have got the revenue from toll collection.

James, Delhi

3rd December 2014

Haryana government is likely to place a plan before the Supreme Court to restart the project in the first week of January.
Before the last assembly election, the Haryana government, the present concessionaire and bankers had worked out a solution to bring in a new player. But it could not be formalized because of the code of conduct kicking in.

Jeet Bhaskar, Delhi

3rd December 2014