10-15% projects suffering owing to working capital woes: NHIDCL

NHIDCL has been building roads and highways of around 2,000 km in multiple locations of Northeast

More than 10 per cent road and highway projects of the state-run National Highways and Infrastructure Development Corporation (NHIDCL) are languishing because of contractors’ inability to arrange necessary working capital, a senior company official said on Thursday.

Sanjay Jaju, director - administration and finance, NHIDCL, said this was despite the fact that such projects had been awarded in the Northeast and other strategic areas after completing 90 per cent land acquisition formalities and eliciting commitment from the contractors about finishing the work within the deadline.

NHIDCL, a fully-owned company of the ministry of road transport and highways, was incorporated in