{"id":289603,"date":"2019-08-30T06:47:10","date_gmt":"2019-08-30T06:47:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289603"},"modified":"2019-08-30T06:47:10","modified_gmt":"2019-08-30T06:47:10","slug":"roadblock-why-nhai-construction-could-slow-down-sharply-in-2-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/roadblock-why-nhai-construction-could-slow-down-sharply-in-2-years\/","title":{"rendered":"Roadblock: Why NHAI construction could slow down sharply in 2 years"},"content":{"rendered":"<p>Given its somewhat fragile states of finances and also because concessionaires are unwilling to take on building risks, NHAI\u2019s construction could slow down sharply in the next couple of years. It\u2019s not the high debt alone \u2014 an estimated Rs 1.8 lakh crore at the end of March 2019, up from Rs 1.22 lakh crore in March, 2018 \u2014 that is worrying. The authority\u2019s contingent liabilities in the next few years, according to former NHAI chairman Brijeshwar Singh, could be \u2018more than double\u2019 NHAI\u2019s hard liabilities of Rs 1.5 lakh crore.<\/p>\n<p>Moreover, NHAI has failed to set aside the mandatory sum half-yearly, from its income in a reserve fund, the Comptroller and Auditor General (CAG), has pointed out. This amount should be sufficient to liquidate the loan within a period which shall not in any case exceed thirty years. \u201cHowever, NHAI has not created such reserve fund as contemplated in NHAI rules,\u201d the CAG noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Given its somewhat fragile states of finances and also because concessionaires are unwilling to take on building risks, NHAI\u2019s construction could slow down sharply in the next couple of years. It\u2019s not the high debt alone \u2014 an estimated Rs 1.8 lakh crore at the end of March 2019, up from Rs 1.22 lakh crore in March, 2018 \u2014 that is worrying. The authority\u2019s contingent liabilities in the next few years, according to former NHAI chairman Brijeshwar Singh, could be \u2018more than double\u2019 NHAI\u2019s hard liabilities of Rs 1.5 lakh crore. Moreover, NHAI has failed to set aside the mandatory [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-289603","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289603","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289603"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289603\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}