road-and-transport-news
Road projects may lose pace
New delhi . While the National Highways Authority of India (NHAI) will soon start disbursing funds locked up in arbitration to builders, it could take a couple of quarters before bidding for road projects picks up pace. Of the R2,500 crore worth of claims put in by developers, the first tranche of R1,800 crore is expected to be paid out to a clutch of concessionaires by NHAI shortly.
Manish Sharma, partner (infrastructure), PwC India, told FE the step is a sentiment booster and will improve the cash flows of builders.“However, for this to translate into fresh bidding activity would take a good 6-8 months,” Sharma said.
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