Government in favour of buying back Gurgaon expressway project

September 27, 2013

Dipak Kumar Dash, TNN |

NEW DELHI: A day after NHAI wrote to the highway ministry to either buy back the Gurgaon expressway project or hand it over to Haryana government, the ministry said it has always pushed the first option. It wants NHAI to resolve the “contractual dispute” rather than refer the matter to the government.In his letter to NHAI chief R P Singh, highway secretary Vijay Chhibber said Haryana government does not seem to be pursuing its earlier intention of buying out the project. “The only logical option, therefore, before NHAI is to buy back the concession as provided for in the agreement, at the earliest,” he said.

This observation comes after Haryana chief minister Bhupinder Singh Hooda had claimed on many occasions to acquire the project and remove toll plazas for public good. None from Haryana government could be reached for a comment. Highways minister Oscar Fernandes was out of city.

Chhibber has also written there is a “prima-facie evidence of criminal liability” in this project and the ministry has initiated the process to refer the case to central agencies – CVC, CBI and enforcement directorate.

In the past there have been several questions on reckless loan provided by public sector banks to project developer DGSCL without even getting NHAI approval. NHAI has also charged the developer of diverting a portion of the loan to its parent company.

Ministry sources said this is a fit case for investigation since there have been several controversies relating to the project and the manner in which stakeholders have go for negotiations in the first place to save country’s one of the first public-private-partnership (PPP) projects and then falling apart.


One comment on “Government in favour of buying back Gurgaon expressway project” Post your comment

  1. Aims Team on October 2nd, 2013 12:01 pm also contains same kind of information. But the content here on your website is more informative

Share your comments here: