You are here: Home » Economy & Policy » News
Business Standard

No speed brakes in transport reforms

BS Reporter 

No speed brakes in transport reforms

The Cabinet approved a slew of measures for the transport sector - from extending concession period for road projects to announcing new rail freight lines.

In what could be a major revival move for the languishing highway construction sector, the Cabinet Committee on Economic Affairs (CCEA) allowed extension of the concession period for all stuck road projects for reasons beyond the control of the concessionaire or the delay caused by the government in giving necessary clearances. The CCEA also gave approval to segregate construction cost from cost for land acquisition, centages and pre-construction activities for the purpose of appraisal and approval of national highway projects.

For railways, the Cabinet approved an investment of Rs 8,349 crore for laying down multiple freight-specific rail lines in Odisha, Chhattisgarh and Andhra Pradesh.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, November 19 2015. 00:27 IST
RECOMMENDED FOR YOU
.