Highway builders write to FM, road ministry; seek review of new arbitration norms
Highway builders are opposing a government order ending arbitration for disputes exceeding Rs 10 crore. The National Highway Builders Federation has urged the finance minister for sector-specific guidance. They argue this change will negatively impact ongoing projects, lenders, and the banking system. The federation believes this framework discourages investment and delays project execution.
Highway builders are opposing a government order ending arbitration for disputes exceeding Rs 10 crore. The National Highway Builders Federation has urged the finance minister for sector-specific guidance. They argue this change will negatively impact ongoing projects, lenders, and the banking system. The federation believes this framework discourages investment and delays project execution.
