NHAI decision to descope pending RoW without reducing construction period positive for developers: ICRA

The decision by NHAI to descope pending right of way without reducing construction period is a positive for highway developers working on BOT-HAM projects and makes the process smoother for them, rating agency ICRA said on Wednesday.

The National Highways Authority of India (NHAI) had issued a standard operating procedure (SOP) pertaining to approach towards de-scoping the pending right of way (RoW) for BOT(build, operate, transfer) HAM projects.

Basis the SOP, immediately after the expiry of the period of appointed date (date on which project starts) plus 20 per cent of construction period, the pending RoW will be removed from scope of work and bid project cost (BPC) will be revised based on the independent engineer’s assessment.

ET Enrgy World
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