In all, 34 projects stretching across 3,500 km are expected to benefit immediately from the measure, said ministry sources.
The concerned IE, both individual and the firm, shall be accountable for the assessment of the extension recommended in the concession period.
Roads ministry to leverage on the newly conceived hybrid annuity model to offset risks and attract private sector to invest.
50 projects, with total cost of Rs 45,000 crore are likely to benefit from the CCEA approval for the assistance by the NHAI.
Capital infusion for all projects that have been languishing as on Nov 1, 2014.
To promote road safety and proper highway management, the app will be introduced integrated with transport registration network by December.
In cases where the project has been completed but the firm has high debt on its books, a lag in growth of toll revenue is putting pressure on their ability to service their debt.
According to officials, pedestrians used to use the defunct drains — that stretch all the way from Shankar Chowk to Kherki Daula — to cross the National Highway 8 before the expressway was constructed.
The NGT had stayed the felling of trees saying it cannot be done without the requisite forest department order.
The NGT last week issued show-cause to Forest Department and National Highways Authority of India for continuing to fell trees despite its order.
Prima facie convinced that its orders were violated, the NGT issued notices on a contempt plea filed by Srushti Paryavaran Mandal, a Nagpur-based wildlife NGO.
The Maharashtra forest department had on August 26 started felling trees for widening NH7 on forestland in violation of the NGT’s standing orders.
The government kicked off efforts to woo Malaysian contractors, who have been among the earliest investors in the roads sector in India, with a roadshow in Kuala Lumpur, earlier in April this year.
This February, govt has agreed to a Rs 122-crore plan for building a few 50-metre underpasses on stretches of NH7 passing through forest patches.
As per toll collection data available with the National Highways Authority of India (NHAI), over 40 per cent of toll projects are currently generating more than 10 per cent of the project completion cost annually.