Govt to terminate three highway projects due to poor performance of developers

The government will terminate three highway projects – Ranchi-Jamshedpur, Rohtak-Jind and Haridwar-Dehradun, NHAI Chairman Raghav Chandra said.

NEW DELHI: The government will terminate three highway projects – Ranchi-Jamshedpur, Rohtak-Jind and Haridwar-Dehradun due to poor performance of the developers, NHAI Chairman Raghav Chandra said today.

The cost of these projects is said to be around Rs 7000 crore.

The government will soon start the process of rebidding these projects.

Road transport and highway minister Nitin Gadkari had said that his ministry has proposed the formation of dispute resolution mechanism to the finance ministry for projects that are stuck.

“We have requested the finance ministry to form a four-member dispute resolution cell for road projects for early implementation of stuck projects,” Gadkari had said.

About 15 road projects with an investment of over Rs 25,000 crore are stuck due to various reasons including cost escalation.

Source: http://realty.economictimes.indiatimes.com/news/infrastructure/govt-to-terminate-three-highway-projects-due-to-poor-performance-of-developers/51942388

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