Road Projects May Get Extension
Road project contractors are likely to get an extension of project execution timelines, compensation for loss of business, and speedier payments to boost their liquidity flow as part of a Covid-19 relief package. The highway ministry is examining the issue faced by the contractors and could unveil steps for their resolution soon. The extension will be equal to the duration of the time when business activity was not allowed due to the mini-pandemic. The ministry is also reworking the payment mechanism for contractors to ease their liquidity flow.
Tags : News/Views COVID-19 pandemic Road Projects liquidity flow relief package highway contractors