November 18, 2015 2:30 PM

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Govt authorizes NHAI to pay compensation to concessionaires in case of delays

The government has authorized National Highways Authority of India to pay rationalized compensation to concessionaires in case of delays. The decision was taken by the Cabinet Committee of Economic Affairs. <br/><br/>Briefing media in New Delhi after the meeting, Power Minister Piyush Goyal said, the approval relates to languishing highway projects under Build Operate and Tranfer mode. The CCEA also approved revised cost estimate for construction of rail-cum-road bridge across River Ganga at Munger in Bihar.

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