Various steps have also been taken by the Government or NHAI to remove the hurdles affecting the construction of NH projects which includes streamlining of land acquisition and regulatory clearances, close coordination with other ministries, revamped Disputes Resolution Mechanism.
So far 112 projects of National Highways Authority of India (NHAI) have been delayed due to issues like land acquisition, utility shifting, non-availability of Soil or Aggregates, poor performance of contractors, delay in statutory clearances, public agitation, disputes.
Government has permitted one time fund infusion to revive and physically complete languishing national highway projects under Public-Private Partnership (PPP) mode and also allowed Rationalised Compensation to concessionaires, in case delays are not attributable to them, to address fund crunch in such highway projects.
With a view to ameliorate the shortage of equity and improve liquidity, Government has also allowed Securitization of future cash flows, Deferment of Premium in stressed highway projects, Harmonious Substitution in financially stressed highway projects and 100% Equity Divestment after 2 years of construction of all highway projects under PPP mode.
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