Financially delinquent contractors working on Indian projects will, from now on, find they are labelled a “non-performer” and barred from further work until they remedy their cash flow.
The move by the National Highway Authority of India (NHAI) is an attempt to speed up site work and complete public-private partnership road projects on time. Under the new policies, firms that delay construction or fail to inject their share of capital into their projects will be barred from participating in fresh bids un
Financially delinquent contractors working on Indian projects will, from now on, find they are labelled a “non-performer” and barred from further work until they remedy their cash flow.
The move by the National Highway Authority of India (NHAI) is an attempt to speed up site work and complete public-private partnership road projects on time. Under the new policies, firms that delay construction or fail to inject their share of capital into their projects will be barred from participating in fresh bids until current works are completed.
The move follows a review of the 124 PPP projects being carried out by the NHAI.
Meanwhile, the government gave the nod to development of an outer ring road for Lucknow, capital of the north-central state of Uttar Pradesh. The 105km four-lane road will cost around US$755 million and cover the areas of Indira Canal, Behta, Mohanlalganj, BKT and the Bunny sections along the Kanpur stretch.
In the south-eastern region of Indian, the state of Telangana will contribute $2.42 billion toward the overall coast of $6.2 billion for the sections of two new trans-state National Highways within its borders.
One is 210km of the planned road within Telangana that will connect Hyderabad to Vijayawada in neighbouring Andhra Pradesh state. The other is 190km of the road within Telangana of the highway to connect Hyderabad to Bangalore in Karnataka state.
Landlocked Telangana, with a population of more than 35 million, is one of India’s 29 states but was formed only in June 2014 with the city of Hyderabad as its capital. The state was carved out of Andhra Pradesh state and Hyderabad will continue to serve as the states’ joint capital city until 2024 at the latest.
Andhra Pradesh will have a new capital, the planned city of Amaravathi, inland and on the River Krishna. An announcement to turn Amaravathi village into a capital city was made by India’s prime minister in July. Little exists now at the site, upon which is planned a core city of nearly 44 square kilometres, along with around 1,000km of new roads and 300km of cycle paths and walkways. Around four million people will eventually live there, according to Indian media reports.
The move by the National Highway Authority of India (NHAI) is an attempt to speed up site work and complete public-private partnership road projects on time. Under the new policies, firms that delay construction or fail to inject their share of capital into their projects will be barred from participating in fresh bids until current works are completed.
The move follows a review of the 124 PPP projects being carried out by the NHAI.
Meanwhile, the government gave the nod to development of an outer ring road for Lucknow, capital of the north-central state of Uttar Pradesh. The 105km four-lane road will cost around US$755 million and cover the areas of Indira Canal, Behta, Mohanlalganj, BKT and the Bunny sections along the Kanpur stretch.
In the south-eastern region of Indian, the state of Telangana will contribute $2.42 billion toward the overall coast of $6.2 billion for the sections of two new trans-state National Highways within its borders.
One is 210km of the planned road within Telangana that will connect Hyderabad to Vijayawada in neighbouring Andhra Pradesh state. The other is 190km of the road within Telangana of the highway to connect Hyderabad to Bangalore in Karnataka state.
Landlocked Telangana, with a population of more than 35 million, is one of India’s 29 states but was formed only in June 2014 with the city of Hyderabad as its capital. The state was carved out of Andhra Pradesh state and Hyderabad will continue to serve as the states’ joint capital city until 2024 at the latest.
Andhra Pradesh will have a new capital, the planned city of Amaravathi, inland and on the River Krishna. An announcement to turn Amaravathi village into a capital city was made by India’s prime minister in July. Little exists now at the site, upon which is planned a core city of nearly 44 square kilometres, along with around 1,000km of new roads and 300km of cycle paths and walkways. Around four million people will eventually live there, according to Indian media reports.
