The stalled Ring Road project will now be handed over to the National Highway Authority of India (NHAI) for completion before assembly polls in December 2018.
A final decision terminating the contract of San Jose-Supreme JV will be issued soon.
Peeved with constant delays and infighting, the Rajasthan government has decided to end the agreement with the present developer.
After receiving assurance of Centre’s support from Union minister Nitin Gadkari, the empowered committee decided to terminate San Jose-Supreme and appoint NHAI to construct the 47km stretch.
“As of now, we have not received any orders from the headquarters. However, there are indications that the responsibility will be given to us. If that happens, NHAI will be able to finish the project on time,” said a NHAI official of the Rajasthan regional office. Read More…
Latest posts by The Times Of India (see all)
- Vedanta Ltd Q1 Profit Doubles To Rs 1,525 Cr – July 26, 2017
- Pradhan Oils Ties With Iraq As Saudi, Iran Slip In India’s Shopping List – July 25, 2017
- U.S May Revise 2021 Fuel Efficiency Standards, Freeze Targets – July 25, 2017