Road Ministry To Relax Exit Rules For Developers – The Economic Times – 20-Nov-2014
November 20, 2014 - Uncategorized
The government will soon relax the rules so that road developers can sell their completed or stuck project, which will free them up to invest in other road projects that have found few takers in recent years. The current rules say developers have to hold at least 26 per cent stake in highway projects, tying them to projects executed by them.
The road ministry is moving a fresh Cabinet note which would allow them to completely exit from their projects two years from the commissioning. Mo ..