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NHAI formulates new norms for bidders

Thursday, 18 Jun 2009
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The NHAI in a board meeting on 12 June 2009 has decided issue the LoA to a highway developer only after it has acquired 80 per cent of the land required for the project while the remaining 20 per cent will have to be handed over within 90 days of the project award.

The new norm will reduce the likelihood of the highway developer's work getting delayed after the project is awarded. Currently, the authority awards the project after acquiring 50 per cent of land.

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