Lockdown impact: NHAI to extend contract for private highway developers

25% average toll collection loss to get one-day extension

In a relief to infrastructure companies, the government has given between three- and six-month extension to all private highway developers whose contracts had ended on or after February 20. 

Any concession fee or premium payable to the government has been deferred for all private national highway projects for the same period they incurred loss in toll collection because of the nationwide lockdown.

Toll collection period for existing contracts has been extended by 21 days. Moreover, the days can be extended in proportion to the loss incurred in toll fee during the lockdown phase, if it is less than 90 per