Land acquisition proposal: Road developers cautious as going may get tougher
As per a recent proposal pending for approval with the Ministry of Road Transport and Highways (MoRTH), the minimum land required to put a road project into bidding process may be reduced to 50% as against the current criteria of a minimum 80% land acquired. In other words, even if lesser land has been acquired or available that is above 50% of the total land needed for a project, the government may opt to kick-start a project by putting up national highway’s construction or road widening works up for grabs.
The government’s plan to reduce mandatory land acquisition threshold limit before commencing a national highway project will certainly boost the pace of awarding of contracts.Representational Image, source: Reuters