The Union government has taken decisive steps to prevent long-pending arbitration cases from derailing India’s highway development projects. With claims against the National Highways Authority of India (NHAI) now nearing ₹1 trillion, authorities are moving to cap arbitration extensions and introduce stricter oversight mechanisms to reduce delays and financial losses….
Tag: #PublicInfrastructure
News
Telangana Govt to Take Over Hyderabad Metro Phase 1
The Telangana government has finalized an agreement to take over Hyderabad Metro Rail Phase 1 from Larsen & Toubro (L&T) in a landmark ₹15,000-crore deal. The move ends the Public-Private Partnership (PPP) model that governed the metro’s first phase and sets the stage for rapid approval of the long-awaited Phase…