NHAI promises uninterrupted fuel, bitumen supply amid rising cost concerns

NEW DELHI: National Highways Authority of India (NHAI) on Friday assured highways builders that adequate supplies of fuel, bitumen and other essential inputs would be maintained amid concerns over a likely fall in availability of bitumen and increase in fuel prices.

Highway builders, in a meeting with NHAI chairman Santosh Kumar Yadav, flagged that the prolonged conflict in West Asia is likely to impact project cost and even toll collection on stretches that get a high share of port-bound traffic. They also urged the highways authority to declare the prevailing situation as a force majeure event for highway projects to help them protect against revenue shortfall and extension of concession periods.