Centre to give delayed highway projects a move on

Improvement in sector could be owing to quicker disbursement of compensation after land acquisition by the central govt: Officials

The central government is planning to bring down the share of national highway project contracts that have been delayed to 15-20 per cent of the total from the average of 25 per cent in the past three years.

Despite a slew of measures, including a greater engagement with state governments and restructuring projects, the government continues to grapple with the problem of delayed contracts.

However, officials said the improvement in the sector could be owing to a quicker disbursement of compensation after land acquisition by the central government. And the companies concerned were allowed to reschedule premium payments and exit