NHAI tells govt to cancel stalled road projects amicably

The National Highways Authority of India (NHAI) has suggested the Union Highways Ministry to see that the road project contracts are cancelled amicably than wasting time in trying to revive the projects. And it also urged the Ministry to deal with the developers in a way that the project contracts are cancelled amicably.

NHAI's suggestion comes in the backdrop of road developers rejecting the conditions put forward by the Union Finance Ministry for allowing postponement of premium payment for highway projects that are currently stalled.

Instead of having a solution that is unworkable, it would be better to foreclose these projects, it said. NHAI has suggested that the Ministry may form a committee to deal with developers.