Some 19 highway projects being developed under the public-private partnership model are languishing, Parliament was informed today.
"At present, there are 19 languishing projects under the National Highways Authority of India (NHAI). These languishing projects are under the public-private partnership (PPP) pattern of infrastructure development," Minister of State for Road Transport and Highways Pon Radhakrishnan said in the Rajya Sabha in a written reply.
The government has allowed one-time funds infusion to revive and physically complete languishing BOT projects and rationalised compensation to the concessionaire for any highway project running behind schedule in case the delays are not attributable to the concessionaire.
The government has also taken steps like "streamlining of land acquisition and regulatory clearances, close coordination with other ministries, revamped dispute resolution mechanism, securitisation of future cash flows, deferment of premium in stressed highway projects and 100 per cent equity divestment after two years of construction of all highway projects in PPP mode, among others".
