{"id":336438,"date":"2020-02-07T10:09:30","date_gmt":"2020-02-07T04:39:30","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336438"},"modified":"2020-02-07T10:27:53","modified_gmt":"2020-02-07T04:57:53","slug":"ilfs-group-gets-rs-707-cr-claim-award-for-fagne-songadh-expressway-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-group-gets-rs-707-cr-claim-award-for-fagne-songadh-expressway-project\/","title":{"rendered":"IL&amp;FS group gets Rs 707-cr claim award for Fagne Songadh Expressway project"},"content":{"rendered":"<p>The IL&amp;FS group has received approvals for a claim worth Rs 707 crore, for its ILFS- Fagne Songadh Expressway project. With this, total claim approvals for the group now stands at Rs 2,700 crore. &#8220;The NHAI Conciliation Committee has approved a claim worth Rs 707 crore for the expressway,&#8221; said a person with direct knowledge of the development. The person added the approval was given couple of weeks back. The Union ministry of road transport and highways in March 2019 formulated a new set of guidelines for resolution of projects, which were incomplete or stalled for various reasons. The guidelines provided authorities to foreclose the project&#8217;s concession agreement and pay a compensation based on value of work done or 90 per cent of debt due, whichever is lower. &#8220;The project claim has been resolved under these guidelines,&#8221; the person said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IL&amp;FS group has received approvals for a claim worth Rs 707 crore, for its ILFS- Fagne Songadh Expressway project. With this, total claim approvals for the group now stands at Rs 2,700 crore. &#8220;The NHAI Conciliation Committee has approved a claim worth Rs 707 crore for the expressway,&#8221; said a person with direct knowledge of the development. The person added the approval was given couple of weeks back. The Union ministry of road transport and highways in March 2019 formulated a new set of guidelines for resolution of projects, which were incomplete or stalled for various reasons. The guidelines [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-336438","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336438","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=336438"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336438\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}