NHAI Information: NHAI settles 60 conciliation instances for Rs 4076 crores in fiscal 2021-22

The Nationwide Freeway Authority of India (NHAI) has settled 60 instances for Rs 4,076 crores in opposition to a claimed Rs 14,590 crores throughout monetary yr 2021-22. In an official assertion, NHAI mentioned that it had settled 60 instances for Rs 5,313 crores in opposition to the claimed quantity of Rs 14,207 crores throughout fiscal 2020-21.

Until date, out of 251 instances which were referred to CCIE (Conciliation Committees of Unbiased Specialists), out of which 155 instances of claims by contractors and concessionaires price Rs 38,747 crores have been efficiently settled for an quantity of Rs. 13,067 crores, the NHAI assertion added.

NHAI mentioned that it has began the method of conciliation by constituting three CCIEs of three members every. These Conciliation Committees are being headed by retired officers from the judiciary, senior consultants from public administration, finance and from non-public sector.

Along with the CCIE, NHAI has additionally setup a Dispute Decision Board (DRB) which helps in getting first-hand data on web site actions and resolving the dispute earlier than it escalates to arbitration or to courts. Underneath this mechanism, a three-member board is constituted who go to the challenge web site as and when required or at the very least six occasions in a yr. Thus far, 97 DRBs have been constituted to assist remedy disputes and mitigate points pertaining to completely different tasks.

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