Business Standard

Conciliation helps NHAI resolve 66 cases of construction claims in 2 years

NHAI is taking the lead in conciliating matters and working towards resolving disputes through conciliation

Earlier this year, the NHAI came out with the new BOT guidelines to bring private players back to this mode of road construction
Premium

At the beginning of the year, arbitration claims worth Rs 70,000 crore were made by construction companies

Megha Manchanda New Delhi
The National Highways Authority of India (NHAI) has settled 66 cases of highway construction claims through a conciliation process over the last two years. 

The exercise, in fact, has benefitted the authority as the conciliation process helped settle arbitration claims at a fourth of the demands raised by concessionaires.

NHAI is taking the lead in conciliating matters and working towards resolving disputes through conciliation. “We are asking all contractors or concessionaires to come for conciliation for faster settlement of claims,” a top NHAI official told Business Standard.

So far, 134 cases have been referred to the Conciliation Committees of Independent

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 28 2020 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com