The government is weighing a plan to remove the bank guarantee clause from road contracts using the engineering, procurement and construction (EPC) model to kickstart a large number of stalled projects as part of a larger plan to infuse liquidity into the system.
During a roadshow organised by the National Highways Authority of India here recently, Road Transport and Highways Minister Nitin Gadkari had said: “The Finance Minister has told me to do whatever is needed to award projects to boost liquidity in the markets. I told her that we would award ₹5 lakh crore worth of highway projects by March.”
“But, we are facing a practical problem regarding bank guarantees. Our projects are delayed because contractors are not in a position to get bank guarantees. Now, the Finance Ministry is thinking of removing the condition of bank guarantees,” Gadkari said.
هذه القصة مأخوذة من طبعة September 19, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 19, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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