Road projects worth Rs 25,399 crore stuck in disputes

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Press Trust of India New Delhi
Last Updated : Apr 30 2015 | 6:57 PM IST
Road projects worth Rs 25,399 crore are stuck in disputes between developers and highways regulator National Highways Authority of India (NHAI), the Parliament was informed today.
"112 cases involving Rs 25,398.76 crore are pending under arbitration between NHAI and contractors/concessionaires," Minister of State for Road Transport and Highways Pon Radhakrishnan said in written reply to a Lok Sabha question.
The Minister said NHAI has set up a high-level independent body for one time settlement of old cases pending in courts.
"NHAI has set up a high level independent settlement advisory committee (ISAC) under the chairmanship of former Justice, Delhi High Court for one time settlement of old cases pending with various courts of law," Radhakrishnan said.
"The settlement negotiation is carried out by another committee comprising three chief general managers of NHAI. Therefore, the matter is placed before ISAC. Depending on the amount involved, the recommendations of the ISAC are placed before NHAI Board/Executive Committee of NHAI for final approval of settlement," he added.
Earlier, as part of corrective measures to boost the road sector, NHAI in a white paper had sought greater functional autonomy and empowerment to chart out its own course to achieve targets.
The white paper suggested "power to NHAI to carry out necessary changes in project documentation, adoption of market oriented delivery mechanism if market responds and alternate strategies for commercially non-viable projects and stretches which are critical in completion of grids.
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First Published: Apr 30 2015 | 6:57 PM IST

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