{"id":264440,"date":"2019-03-15T06:31:06","date_gmt":"2019-03-15T06:31:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=264440"},"modified":"2019-03-15T06:31:06","modified_gmt":"2019-03-15T06:31:06","slug":"govt-brings-in-new-policy-to-revive-stalled-highway-projects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-brings-in-new-policy-to-revive-stalled-highway-projects\/","title":{"rendered":"Govt brings in new policy to revive stalled highway projects"},"content":{"rendered":"<p>NEW DELHI: The government has unveiled a policy for resolving stalled highway projects worth nearly Rs 30,000 crore, including those where proceedings have been initiated against the companies before the bankruptcy tribunal. <\/p>\n<p>The move is aimed at unlocking money of both lenders and private players, including crisis-hit IL&amp;FS, which is caught in about 28-30 projects as work has come to a standstill due to shortage of funds. <\/p>\n<p>According to a road transport ministry circular issued on March 9, agencies such as NHAI can foreclose the contract by signing a supplementary agreement. It said the authority will a make full and final payment to the private player for the \u201cvalue of work done\u201d or 90% of the debt due, whichever is lower<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The government has unveiled a policy for resolving stalled highway projects worth nearly Rs 30,000 crore, including those where proceedings have been initiated against the companies before the bankruptcy tribunal. The move is aimed at unlocking money of both lenders and private players, including crisis-hit IL&amp;FS, which is caught in about 28-30 projects as work has come to a standstill due to shortage of funds. According to a road transport ministry circular issued on March 9, agencies such as NHAI can foreclose the contract by signing a supplementary agreement. It said the authority will a make full and [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,193,136],"tags":[],"class_list":["post-264440","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=264440"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264440\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=264440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=264440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=264440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}