Land acquisition delays financial closure for 23 highway projects

These are among the 67 highway contracts that were reviewed last week by Gadkari

While the government has moved to resolve the issue of non-performing assets of banks in the infrastructure sector, land acquisition remains a major problem. As many 23 highway projects worth Rs 15,000 crore, belonging to Sadbhav Engineering, Dilip Buildcon, and MEP Infrastructure, among others, are stuck for lack of financial closure due to delays in land acquisition. 

These are among the 67 highway contracts that were reviewed last week by the minister for road transport and highways, Nitin Gadkari, for time-bound land acquisition and compensation.

According to a source in the know, the 23 highway contracts have crossed