FinMin concerned over NHAI’s inability to use bond funds

Jan 24 2013, 11:02 IST
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SummaryThe highways agency forced to park about Rs 8,500 crore of such funds in fixed deposits.

7,000 crore as its share in the oil cess.

Of the total road project award target of 9,500 km for the current fiscal, the government had set a target of awarding over 7,000 km for NHAI. On the contrary, the highways authority has been able to award only 1,000 km of road projects in the current fiscal. NHAI’s plan to award 2,000 km of road projects on engineering, procurement and construction (EPC) mode is awaiting approvals.

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