{"id":341450,"date":"2020-03-11T12:31:48","date_gmt":"2020-03-11T07:01:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341450"},"modified":"2020-03-11T12:31:48","modified_gmt":"2020-03-11T07:01:48","slug":"nhai-to-allow-private-players-to-open-new-escrow-accounts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nhai-to-allow-private-players-to-open-new-escrow-accounts\/","title":{"rendered":"NHAI to allow private players to open new escrow accounts"},"content":{"rendered":"<p>NEW DELHI: The NHAI will allow private operators, who have their project-related escrow accounts in the crisis-hit Yes Bank, to open a new account in some other bank so that they can deposit and withdraw cash for daily operation and meet other financial obligations.<br \/>\n\u201cWith restriction on withdrawal from the bank deposit, companies are facing problems to even meet their daily expenses. Once they get the go-ahead from their senior lenders in each project, they can open a new current account in another bank. We will give post-facto approval so that they don\u2019t face any problem in future,\u201d said a senior NHAI official.<br \/>\nSources said Macquarie, which had bagged the rights to manage 648km of national highways by paying Rs 9,681 crore in an auction, has its escrow account in the Yes Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The NHAI will allow private operators, who have their project-related escrow accounts in the crisis-hit Yes Bank, to open a new account in some other bank so that they can deposit and withdraw cash for daily operation and meet other financial obligations. \u201cWith restriction on withdrawal from the bank deposit, companies are facing problems to even meet their daily expenses. Once they get the go-ahead from their senior lenders in each project, they can open a new current account in another bank. We will give post-facto approval so that they don\u2019t face any problem in future,\u201d said a [&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":[130,221,137],"tags":[],"class_list":["post-341450","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341450","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=341450"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341450\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}