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Construction : Transport Update | January 2016 | Source : CW-India

Government warns road developers

Running out of patience for their lack of commitment and lackadaisical approach, the government has warned non-serious developers and bankers of terminating highway projects worth Rs 20,000 crore.Out of the total 77 stalled projects, issues have been sorted out for all except 19 developers, which are still stuck. The builders in the line of fire include L&T, HCC, Gammon, Madhucon, Soma and Essel Ifra, while the list of lenders includes top names like State Bank of India, Punjab National Bank and Bank of India.

 
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