The Rs 7,420-crore, 23-km project is being financed through debt-to-equity of 1.8 times and the entire debt has been tied up, and the envisaged equity commitment is supported by Tata Sons
Phase-1 completed on time; phase-II had to be halted for nearly two months, and the pace of work remained sub-optimal during subsequent lockdown periods as well
On July 28, every single policeman in Gurgaon had to roll up his sleeves and get down to the flooded roads to clear hours-long traffic jams on National Highway 8 and sector roads that house offices of multinational companies. This was on the first of the three days when torrential rains had wrecked havoc in the so-called millennium city on the outskirts of the national capital.Although the local police stopped short of explicitly blaming any civic agency or the National Highway Authority of India (NHAI) for the mess, its twitter account was clear about who should be blamed for the 15-km long traffic snarls. The police tweeted: "Smooth traffic management is function of Engineering (70%), Education (20%) and Enforcement (10%)."The police department was hinting at the faulty design of the exit points on the NH8, poor quality of roads and missing drainage system in the city, besides the lack of civic sense among commuters. While these problems could be common for other Indian cities as wel