The National Highways Authority of India (NHAI) has settled 66 cases of highway construction claims through a conciliation process over the last two years.
The exercise, in fact, has benefitted the authority as the conciliation process helped settle arbitration claims at a fourth of the demands raised by concessionaires.
NHAI is taking the lead in conciliating matters and working towards resolving disputes through conciliation. “We are asking all contractors or concessionaires to come for conciliation for faster settlement of claims,” a top NHAI official told Business Standard.
So far, 134 cases have been referred to the Conciliation Committees of Independent