GMR exits NHAI project in frustration over red tape

December 29, 2012

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Despite doing whatever was required, the permissions were not granted and this forced us to serve a termination notice under terms of the contract

The GMR Group has walked out of the Kishangarh-Udaipur-Ahmedabad National Highway project 16 months after it won the project in a bid, reports CNBC-TV18. GMR had promised to pay the National Highways Authority Of India over Rs 9,000 crore on a net present value basis. The group says that it exited the project after waiting far too long for the grant of critical permissions.
According to Arun Bhagat, EVP and group head – corporate communications, GMR Group, “This is a 555 km-long, 4-6 laning of the Kishangarh- Udaipur- Ahmedabad stretch.”
“We were awarded this in September 2011. At the end of about 16 months since the award of contract, certain critical permissions that were applied for were yet to be granted,” he clarified.
“Despite doing whatever was required, the permissions were not granted and this forced us to serve a termination notice under terms of the contract.”Source: moneycontrol.com

Written by ITW Editor · Filed Under Uncategorized

2 Comments on “GMR exits NHAI project in frustration over red tape” Post your comment

Daljit Singh Khokhar on December 29th, 2012 5:29 pm

Almost for the last three years I have been stressing the fact that before awarding any contract for the road construction the planning section and particularly NHAI must get the clearance from various Government departments such as Forest department,Land acquisition,state electricity department for getting clearance from high tension towers,health department for the sewer line local administration planning for developing the city and any other statuary obligation of the area through which the road has to pass. Above all the care has to be taken to ensure the proper connectivity with the new city roads to constructed by the builders in future. The designers must also take care of the road engineering along with the existing arteries of the city to come up .The road contractors need not get clearance from various Government agencies. This is the reason of delay of various ambitious road projects and escalation of price.
Manoj Kumar singh on January 21st, 2013 12:02 am

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