NHAI to kick start Rs 2,100-cr road project

National Highways Authority of India is all set to start two new projects after taking back the stalled one from concessionaires after settlement. Two concessionaires - Larsen & Toubro and MEP Infrastructure Developers - have terminated the concessions and these assets are lying stuck. The projects, all in Tamil Nadu, are L&T's Chennai-Tada Tollway project, MEP's Chennai Bypass Toll Road and Essel Infraprojects' Walajahpet Poonamallee Toll Roads Project. The projects have been derailed due to multiple reasons including land acquisition, differences between the concessionaire, and NHAI over rules relating to the notification of fees.

Published: 07 June 2016