Waive penalty on road developers hit by Covid-19 lockdowns: NHAI

Wants transport ministry to extend financial closure timeline

The National Highways Authority of India (NHAI) has sought extension of financial closure timeline and waiver of penalty for delay in submission of bank guarantee for road developers impacted by the localised lockdowns during Covid-19. 

NHAI, in a communication to the ministry of road transport and highways, has sought these measures as part of relief under the Atmanirbhar Bharat scheme of the Centre.

According to an NHAI communication to the road ministry, the authority has asked for extension of time for concessionaires for achieving financial closure in the concession agreements concluded between April and June 2021 by 2-4 months, depending on the