NEW DELHI: Allaying fears of NHAI facing fiscal crisis or high contingent liabilities, its Chairman NN Sinha on Wednesday said the Authority was in a “very sound” position with a strong pipeline of projects.
The National Highways Authority of India (NHAI) is on its way to construct about 4,500 km of projects, higher by about 1,000 km than last year’s 3,300 km of projects, he said.
“There have been reports in the sections of media that contingent liabilities of NHAI are something of Rs 3 lakh crore. Either people do not understand what contingent liability is or the numbers are misreported. Contingent liability is uncertain in nature.
