National Highways Authority of India to intervene in languishing projects
The Dollar Business Bureau In an effort to add momentum to the overall growth of the highways sector in India which is already on the path of revival, The National Highways Authority of India (NHAI) has been directed to develop a robust mechanism to determine eligibility of the project as also the extent of funds required to complete projects, in time-bound manner. The new development comes in the wake of the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, approving two major policy initiatives aimed at improving the availability of equity in the market and authorising the National Highways Authority of India (NHAI) to intervene in languishing projects suffering from lack of funds, said ...
