New Delhi, July 27 (IANS) The NHAI has successfully defended a major arbitration case to safeguard public funds in National Highway projects against claims of Rs. 3,177 crore raised by the concessionaire of the Bareilly–Sitapur toll project, with the Arbitral Tribunal awarding only Rs 46 crore plus applicable interest to settle the case, according to an official statement issued on Monday.The arbitration proceedings pertained to Bareilly Highways Project Limited (BHPL), a concessionaire promot…
Latest Kamrej–Chalthan section News & Updates
New Delhi, May 8 (IANS) The National Highways Authority of India (NHAI) has won an arbitration matter related to the six-laning of the Kamrej–Chalthan section of NH-48 in Gujarat, leading to substantial savings of public funds.Against claims of around Rs. 174.49 crore raised by the contractor, the Arbitral Tribunal awarded only Rs 54 lakh to settle the case, underscoring the importance of digital project monitoring, robust documentation and evidence-based contract management by the NHAI, accor…