MoRTH speeds up ₹7.89 lakh-cr national highway projects
The National Highway projects of around ₹7.89 lakh crore are currently under construction across the country. Union Transport Minister, Nitin Gadkari, informed that the ministry has initiated numerous steps to speed up road construction work delayed due to the COVID-19 pandemic. Approximately 2,084 projects pertain to the construction of 63,523 km of national highways in the country and the contractors are given a time period of 2 to 3 years for completion of the awarded projects from the date of commencement of work. To make up for the delay, the government took proactive steps to initiate an imperative relief under the Aatmanirbhar Bharat for contractors/concessionaires/developers of the road sector whereby inter-alia extension of time for 3 months to up to 6 months without penalty. Also, cash flow was eased to ensure a smooth flow of funds for the completion of projects with the least possible delay.
📅Published on:
17 March 2021
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