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The auditor stated the NHAI granted deferment of premium amounting to ₹9,296.25 crore for eight years to 14 years for 20 tasks until October 2019. This deferment was on the premise of a scheme formulated by the NHAI after it assessed a income lack of ₹98,115 crore to the exchequer if the tasks had been terminated.
“The scheme was formulated on the premise of flawed presumptions,” stated the CAG.
It stated the premium payable by the concessionaire was laid down in a authorized contract drawn up after an open bidding course of, wherein premium provided was the one and solely parameter in deciding upon the monetary bids (request for proposal).
“Any put up tender/ contract modification tantamounts to vitiating your complete tendering course of, in opposition to the precept of sanctity of contracts and unfair with respect to different bidders,” stated the CAG report on Rationalisation/Deferment of Premium in BOT Tasks in NHAI tabled in Parliament on Thursday.
It stated the scheme that paved means for this deferment was formulated by the NHAI regardless of availability of options throughout the ambit of signed concession agreements.
Elevating compliance points, the CAG stated that the coverage or scheme for rationalisation of premium was neither thought-about nor permitted within the NHAI board assembly. Additional, it stated, the transport ministry failed to stick to pointers of the cupboard secretariat for circulation and approval of cupboard notes.
