The government will soon constitute a panel, headed by PMEAC Chairman C Rangarajan, to look into the issues pertaining to bailout of highway developers.
Rangarajan, who heads the Prime Minister's Economic Advisory Council, is expected to announce the constitution of the three-member panel soon, a source told PTI, adding that it could be as early as today.
The government last week approved a proposal for the postponement of premium payments by highway developers and has referred the matter to the Rangarajan panel.
More From This Section
The premium, which is offered by companies during the bidding stage, is based on projected returns from tolls.
The Ministry of Road Transport and Highways had sent a proposal to the Cabinet seeking its nod for rescheduling of premiums of about Rs 1 lakh crore in case of 23 awarded BOT (Toll) projects.