Published On:February 11 2014
Story Viewed 1942 Times
Squabble among stakeholders hits road projects.
Too many cooks spoil the broth, they say. This also holds true for road projects with multiple stakeholders.
Take the Panipat-Jalandhar stretch in Punjab. According to the National Highways Authority of India (NHAI), this stretch is an example of how managing contract terms in public-private partnership (PPP) projects is becoming difficult because of the many stakeholders involved. This is despite the contract having been signed by two parties - the road developer and NHAI.
Work on the Panipat-Jalandhar stretch on NH-1 has stopped as the developer - a consortium of Soma Enterprises and Isolux Corsan - awaits the Supreme Court's judgement on the issue, which has been reserved since two months now.
HBL