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Construction : Policy | January 2016 | Source : Infrastructure Today

Govt´s ultimatum to 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. ¨If developers and bankers fail to mend their ways and initiate correctives to roll out projects by January-end, the government will start terminating contracts in PPP mode and repackage them,¨ said Road Transport and Highways Secretary Vijay Chhibber.
 
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