Covid-19: Govt to offer bailout for contractors to ease highway construction

The road transport and highways ministry will soon offer bailout for road contractors, including extension of time for construction period without imposition of any cost or penalty and timely payment to vendors, to support them amid covid-19 crisis.

Based on the request of National Highways Builders’ Federation (NHBF), National Highways Authority of India (NHAI) has urged union road ministry to extend the contract period up to six months, provide survey data collected by detailed project report consultants and ensure timely payments to vendors, submission of bills related to project payments.

“The suggestions made by NHBF were deliberated by NHAI for proper redressal and the authority has agreed to 25 suggestions which were related to NHAI.