The government is weighing a plan to remove the bank guarantee clause from road contracts using the engineering, procurement and construction (EPC) model to kick start a large number of stalled projects as part of a larger plan to infuse liquidity into the system.
“The finance minister has told me to do whatever is needed to award projects to boost liquidity in the markets. I told her that we would award ₹5 lakh crore worth of highway projects by March,” Road Transport and Highways Minister Nitin Gadkari said in Mumbai on September 9 during a roadshow organised by the National Highways Authority of India.
