NHAI monetises two completed national highway stretches for Rs 6,584 crore

-
The National Highways Authority of India (NHAI) has successfully auctioned two completed highway stretches for a total of Rs 6,584 crore under its monetisation programme. The first project, the 84-km Allahabad Bypass in Uttar Pradesh, was awarded to Cube Highways for Rs 2,156 crore, while the Lalitpur–Sagar-Lakhnadon (316 km) project in Uttar Pradesh and Madhya Pradesh was awarded to IRB Infra Trust for Rs 4,428 crore. The private players will be responsible for maintaining and operating the highways for a period of 20 years, during which they will collect user fees.

from India News | Latest India News Headlines & Live Updates from India - Times of India https://ift.tt/iW6IbFr

Comments

Post a Comment

Popular posts from this blog

Footballers may not get salaries as clubs initiate force majeure

-
Image
Force majeure is clause 5.6 in Schedule 2 of the general provisions of the Standard Contract which states that "failure by a party to fulfill any of its obligations under the agreement shall not be considered to be a breach of, or a default under, the agreement in so far as the inability arises from an event of force majeure." from Sports News: Latest Cricket News, Live Match Scores & Sports News Headlines, Results & more https://ift.tt/3aPs1n5
Read more