Govt pushes pace of project awards & clearance of dues
Road transport and highways minister Nitin Gadkari has stated that highway construction is to be increased up to two-three times to kick start economic growth. Infrastructure building, including waterways, power, transport and communication, need to be doubled in order to bring back liquidity in the market, amidst the Covid-19 crisis. The transport ministry has also directed officials to work overtime and complete pending work such as clearing dues to contractors, speeding up project approvals, their delivery and implementation, so that construction work can resume fast. The government is considering resuming economic activity in a phased manner, including opening up certain sectors starting from April 20, to ease the hardship of daily wagers, farmers and small businesses. The clearance of contractors' dues will create liquidity and the PM has asked NHAI and its arbitration units to decide matters within three months. He also stated that the industry should look upon the present crisis as a challenge and opportunity, especially as some countries are looking to move their investments from China, and India can be one of the best options for them.
📅Published on:
18 April 2020
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