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ARBITRATION IN HIGHWAY PROJECTS
Road ministry raises construction timelines for NH projects to up to six yearsThese normative construction periods will be applicable for all national highway projects to be bid out either on engineering, procurement,...
BOT snub: Rs 22,000 crore highway projects fail to attract bidsPrivate companies are shying away from four major highway projects totaling ₹22,000 crore. Concerns over contract terms, especially dispute...
Highway builders oppose move to end arbitration in ₹10 crore-plus disputes, seek clarity from FM SitharamanThe National Highway Builders Federation (NHBF) has opposed the road transport ministry’s decision to end arbitration for disputes involvin...
National Highway builders ask Finmin to clarify arbitration orderThe National Highway Builders Federation has urged the finance ministry to clarify its order ending arbitration for highway projects. The f...
Highway developers cry foul over move to end arbitration, call for time-bound dispute resolution mechanismsHighway developers are pushing back against the government's proposal to end arbitration for major road projects. They warn that removing t...
Govt said to have ruled out arbitration for highway disputes above Rs 10 croreThe Union road transport ministry has removed arbitration for highway disputes exceeding Rs 10 crore, opting for conciliation or mediation ...
IRB Infra shares zoom 15% on winning Rs 1720 crore arbitration award for highway projectIRB Infrastructure Developers is the sponsor of IRB Infrastructure Trust. IRB was the EPC contractor for YATL and continues to be the proje...
IRB Infrastructure Trust wins Rs 1,720 crore arbitration awardYedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle of IRB Infrastructure Trust, has won an arbitration award of Rs 1,720 cror...
IRB Pathankot Toll Road wins arbitration award against NHAIIn an exchange filing on Thursday, IRB Infrastructure Developers (IRB) said that the company acting as the EPC Contractor of IPATRL raised ...
PE firm Xander Group to exit HCC’s concession arm“There will be no outstanding disputes or claims relating to these SPVs. However, HCC still has Rs 3,140 crore in pending arbitration award...
Toll road operators weigh arbitration to recover Rs 650 crore from NHAIMost of the 162 build-operate transfer (BOT) toll concessionaires, including private equity players, have decided to take the arbitration r...
NHAI turns lockdown into opportunity to redress disputes worth Rs 80,000 croreSandhu and other top brass of the National Highways Authority of India (NHAI) have been on an inspection spree of projects, taking the bene...
NHAI settles NH-21 project with IL&FS for Rs 672 croreThe National Highways Authority of India (NHAI) has settled a road project with Infrastructure Leasing & Financial Services (IL&FS) at Rs 6...
Over 300 arbitration cases with claims of around Rs. 80,000 crore pending with Highways Ministry: Nitin GadkariMain reasons of invocation of arbitration are compensation for delay in handing over of land, damages due to Change in Scope, loss incurred...
Arbitration claims stump NHAI as it stares at Rs 18,000 crore payoutCurrently, around 180 arbitration cases are going on with claims of highway builders and concessionaires totalling nearly Rs 71,000 crore.
Government may rebid or buy IL&FS’ road projectsIL&FS is currently undertaking two important projects for the government in the state of Jammu and Kashmir. These are Z-Morh tunnel and Zoj...
NHAI looks to award highway projects of Rs 1 lakh crore in FY'17The government is focussing on accelerating road construction and has taken a number of steps to double the pace at which highways are buil...