- Home
- Infrastructure Transport
- ROADS & HIGHWAYS
- Government warns road developers
Share
Government warns road developers
01 Jan 2016
1 Min Read
Editorial Team
Running out of patience for their lack of commitment and lackadaisical approach, the government has warned non-serious developers and bankers of terminating highway projects worth Rs 20,000 crore.Out of the total 77 stalled projects, issues have been sorted out for all except 19 developers, which are still stuck. The builders in the line of fire include L&T, HCC, Gammon, Madhucon, Soma and Essel Ifra, while the list of lenders includes top names like State Bank of India, Punjab National Bank and Bank of India.
Running out of patience for their lack of commitment and lackadaisical approach, the government has warned non-serious developers and bankers of terminating highway projects worth Rs 20,000 crore.Out of the total 77 stalled projects, issues have been sorted out for all except 19 developers, which are still stuck. The builders in the line of fire include L&T, HCC, Gammon, Madhucon, Soma and Essel Ifra, while the list of lenders includes top names like State Bank of India, Punjab National Bank and Bank of India.
Related Stories
23 Apr 2024
01 May 2024
23 Apr 2024
Gold Stories
01 May 2024
01 May 2024
01 Apr 2024
Opinion Poll
Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?
Live Results :
Virtual Reality and 3D Property Tours
Smart Home and Building Automation
Blockchain for Property Transactions
Big Data and Predictive Analytics for Market Insights
Augmented Reality for Property Staging and Design
Drone Technology for Aerial Photography and Site Analysis
Latest updates
23 Apr 2024
23 Apr 2024
23 Apr 2024
23 Apr 2024
23 Apr 2024
23 Apr 2024