Road ministry to relax premium payment by concessions

The road ministry is working on a proposal to relax premium payment by concessionaires to National Highways Authority of India (NHAI).

Currently, concessionaires have to pay premium to NHAI, the day the concessionaire signs the concession agreement with NHAI. It is now proposed to allow concessionaires to pay premium only after completing the construction work which typically takes three years.

The ministry is likely to take this up with finance ministry and Planning Commission before it proposes to the union cabinet.