Review and Clearance of Stalled Projects
Capital Market In order to ensure timely completion of the stalled projects, regular meetings are held with project developers, State Governments and contractors. Regular review meetings are held in Head Quarter by NHAI with Regional Officers, concessionaires /contractors to make the construction of projects hassle free. To expedite completion of these projects various steps are taken which include streamlining of land acquisition & environment clearances, exit for equity investors, premium re-schedulement, close coordination with other Ministries, revamping of dispute resolution mechanism, frequent reviews at various levels etc. NHAI with cooperation of NHBF (National Highways Builders Federation) has formed a Society for Affordable Redressal of Disputes (SAROD) for the purpose of speedy Arbitration of disputes which is adjudicating large number of cases.
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