{"id":359510,"date":"2020-06-26T11:34:16","date_gmt":"2020-06-26T06:04:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359510"},"modified":"2020-06-26T11:34:16","modified_gmt":"2020-06-26T06:04:16","slug":"toll-suspension-highway-developers-to-seek-arbitration-to-recover-around-rs-650-crore-from-nhai","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/toll-suspension-highway-developers-to-seek-arbitration-to-recover-around-rs-650-crore-from-nhai\/","title":{"rendered":"Toll suspension: Highway developers to seek arbitration to recover around Rs 650 crore from NHAI"},"content":{"rendered":"<p>Most of the 162 build-operate-transfer (toll) concessionaires, including private equity players, have decided to take the arbitration route to recover around Rs 650 crore as interest and operation and maintenance (O&amp;M) costs from the National Highways Authority of India (NHAI) for the 25-day toll collection suspension period.<\/p>\n<p>Sources said the concessionaires are upset with the NHAI for not declaring the toll collection suspension period from March 26 due to the Covid-29 pandemic as a force majeure political event, and thus rescuing itself from compensating the loss to concessionaires on the O&amp;M and interest costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most of the 162 build-operate-transfer (toll) concessionaires, including private equity players, have decided to take the arbitration route to recover around Rs 650 crore as interest and operation and maintenance (O&amp;M) costs from the National Highways Authority of India (NHAI) for the 25-day toll collection suspension period. Sources said the concessionaires are upset with the NHAI for not declaring the toll collection suspension period from March 26 due to the Covid-29 pandemic as a force majeure political event, and thus rescuing itself from compensating the loss to concessionaires on the O&amp;M and interest costs.<\/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":[130,197,138],"tags":[],"class_list":["post-359510","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\/359510","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=359510"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359510\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}