Government to take over 3 stuck highway projects of IL&FS
NEW DELHI: The government will take over three under construction national highway projects that were being executed by debt-ridden IL&FS Group.
The projects in question will be owned by the ministry of road transport and highways after the parties reached a settlement of about Rs 200 crore with the group’s lenders. The projects will be re-tendered for completion of the remaining work, an official familiar with the development said.
