Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
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</span></span></code></pre><pre id="cakeErr67f3715109bba-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-The Indian Express
&lt;/div&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;br /&gt;
Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &amp;quot;premium&amp;quot;, instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning 3,500 km have failed to take off due to different reasons, including delays in environmental clearances and land acquisition.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
The National Highways Authority of India (NHAI) had hoped to earn over Rs 1,00,000 crore through premium income, spread over a period of up to 30 years. Flagging the issue, NHAI chairman R P Singh, in a recent letter to the road transport ministry, listed the affected projects and asked the government to expedite a bailout.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
As in other infrastructure projects, the government can step in to increase the viability of the project by bridging the funding gap, with the assistance taking the form of a capital grant. While &amp;quot;grant&amp;quot; is what is paid by the government to the concessionaire, the opposite is called a &amp;quot;negative grant&amp;quot; or a premium. Quoting a premium for a project amounts to committing an annual payment to the government over a period of the concession duration. Companies resort to offering a premium if they are confident that toll revenues from the project will be able to offset their project cost.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
In 2011-12, NHAI awarded a record 51 projects covering 6,700 km, of which 27 were awarded to developers on premium.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent &amp;quot;termination notices&amp;quot;, indicating their unwillingness to continue.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
The companies cited the delay in getting regulatory approvals as the primary reason for the projects becoming unviable. Morevover, the cost of material required for building roads is estimated to have increased by 25 per cent since the time the projects were awarded.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
The government is discussing bailout proposals, including allowing the companies to offload the premium amount to be paid in the initial years to later years. The proposal has, however, failed to find acceptance in the law ministry, which feels that offloading of premium would require changes in the agreement.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
However, a senior road transport ministry official said not all the projects awarded on premium are actually in trouble. &amp;quot;Many of these projects are just being held up because they expect a bailout from the government,&amp;quot; he said. 
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Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &amp;quot;premium&amp;quot;, instead of the general practice of seeking a capital grant from the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;/div&gt;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &amp;quot;premium&amp;quot;, instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning 3,500 km have failed to take off due to different reasons, including delays in environmental clearances and land acquisition.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;The National Highways Authority of India (NHAI) had hoped to earn over Rs 1,00,000 crore through premium income, spread over a period of up to 30 years. Flagging the issue, NHAI chairman R P Singh, in a recent letter to the road transport ministry, listed the affected projects and asked the government to expedite a bailout.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;As in other infrastructure projects, the government can step in to increase the viability of the project by bridging the funding gap, with the assistance taking the form of a capital grant. While &amp;quot;grant&amp;quot; is what is paid by the government to the concessionaire, the opposite is called a &amp;quot;negative grant&amp;quot; or a premium. Quoting a premium for a project amounts to committing an annual payment to the government over a period of the concession duration. Companies resort to offering a premium if they are confident that toll revenues from the project will be able to offset their project cost.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;In 2011-12, NHAI awarded a record 51 projects covering 6,700 km, of which 27 were awarded to developers on premium.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent &amp;quot;termination notices&amp;quot;, indicating their unwillingness to continue.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;The companies cited the delay in getting regulatory approvals as the primary reason for the projects becoming unviable. Morevover, the cost of material required for building roads is estimated to have increased by 25 per cent since the time the projects were awarded.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;The government is discussing bailout proposals, including allowing the companies to offload the premium amount to be paid in the initial years to later years. The proposal has, however, failed to find acceptance in the law ministry, which feels that offloading of premium would require changes in the agreement.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;However, a senior road transport ministry official said not all the projects awarded on premium are actually in trouble. &amp;quot;Many of these projects are just being held up because they expect a bailout from the government,&amp;quot; he said. &lt;/p&gt;&#039;,
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Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &amp;quot;premium&amp;quot;, instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning 3,500 km have failed to take off due to different reasons, including delays in environmental clearances and land acquisition.
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The National Highways Authority of India (NHAI) had hoped to earn over Rs 1,00,000 crore through premium income, spread over a period of up to 30 years. Flagging the issue, NHAI chairman R P Singh, in a recent letter to the road transport ministry, listed the affected projects and asked the government to expedite a bailout.
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As in other infrastructure projects, the government can step in to increase the viability of the project by bridging the funding gap, with the assistance taking the form of a capital grant. While &amp;quot;grant&amp;quot; is what is paid by the government to the concessionaire, the opposite is called a &amp;quot;negative grant&amp;quot; or a premium. Quoting a premium for a project amounts to committing an annual payment to the government over a period of the concession duration. Companies resort to offering a premium if they are confident that toll revenues from the project will be able to offset their project cost.
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In 2011-12, NHAI awarded a record 51 projects covering 6,700 km, of which 27 were awarded to developers on premium.
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The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent &amp;quot;termination notices&amp;quot;, indicating their unwillingness to continue.
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Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &amp;quot;premium&amp;quot;, instead of the general practice of seeking a capital grant from the...&#039;
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Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/24-039premium039-highway-projects-hit-roadblock-seek-bailout-mihir-mishra-21895.html"/>
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Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &quot;premium&quot;, instead of the general practice of seeking a capital grant from the..."/>
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                <strong>24 &#039;premium&#039; highway projects hit roadblock, seek bailout -Mihir Mishra</strong></h1>
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                <div align="justify">-The Indian Express</div><p align="justify"><br />Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &quot;premium&quot;, instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning 3,500 km have failed to take off due to different reasons, including delays in environmental clearances and land acquisition.</p><p align="justify">The National Highways Authority of India (NHAI) had hoped to earn over Rs 1,00,000 crore through premium income, spread over a period of up to 30 years. Flagging the issue, NHAI chairman R P Singh, in a recent letter to the road transport ministry, listed the affected projects and asked the government to expedite a bailout.</p><p align="justify">As in other infrastructure projects, the government can step in to increase the viability of the project by bridging the funding gap, with the assistance taking the form of a capital grant. While &quot;grant&quot; is what is paid by the government to the concessionaire, the opposite is called a &quot;negative grant&quot; or a premium. Quoting a premium for a project amounts to committing an annual payment to the government over a period of the concession duration. Companies resort to offering a premium if they are confident that toll revenues from the project will be able to offset their project cost.</p><p align="justify">In 2011-12, NHAI awarded a record 51 projects covering 6,700 km, of which 27 were awarded to developers on premium.</p><p align="justify">The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent &quot;termination notices&quot;, indicating their unwillingness to continue.</p><p align="justify">The companies cited the delay in getting regulatory approvals as the primary reason for the projects becoming unviable. Morevover, the cost of material required for building roads is estimated to have increased by 25 per cent since the time the projects were awarded.</p><p align="justify">The government is discussing bailout proposals, including allowing the companies to offload the premium amount to be paid in the initial years to later years. The proposal has, however, failed to find acceptance in the law ministry, which feels that offloading of premium would require changes in the agreement.</p><p align="justify">However, a senior road transport ministry official said not all the projects awarded on premium are actually in trouble. &quot;Many of these projects are just being held up because they expect a bailout from the government,&quot; he said. </p>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f3715109bba-trace').style.display = (document.getElementById('cakeErr67f3715109bba-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f3715109bba-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f3715109bba-code').style.display = (document.getElementById('cakeErr67f3715109bba-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f3715109bba-context').style.display = (document.getElementById('cakeErr67f3715109bba-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f3715109bba-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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-The Indian Express
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Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &amp;quot;premium&amp;quot;, instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning 3,500 km have failed to take off due to different reasons, including delays in environmental clearances and land acquisition.
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The National Highways Authority of India (NHAI) had hoped to earn over Rs 1,00,000 crore through premium income, spread over a period of up to 30 years. Flagging the issue, NHAI chairman R P Singh, in a recent letter to the road transport ministry, listed the affected projects and asked the government to expedite a bailout.
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As in other infrastructure projects, the government can step in to increase the viability of the project by bridging the funding gap, with the assistance taking the form of a capital grant. While &amp;quot;grant&amp;quot; is what is paid by the government to the concessionaire, the opposite is called a &amp;quot;negative grant&amp;quot; or a premium. Quoting a premium for a project amounts to committing an annual payment to the government over a period of the concession duration. Companies resort to offering a premium if they are confident that toll revenues from the project will be able to offset their project cost.
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In 2011-12, NHAI awarded a record 51 projects covering 6,700 km, of which 27 were awarded to developers on premium.
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The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent &amp;quot;termination notices&amp;quot;, indicating their unwillingness to continue.
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In 2011-12, NHAI awarded a record 51 projects covering 6,700 km, of which 27 were awarded to developers on premium.
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The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent &amp;quot;termination notices&amp;quot;, indicating their unwillingness to continue.
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-The Indian Express



Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &quot;premium&quot;, instead of the general practice of seeking a capital grant from the..."/>
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                <strong>24 &#039;premium&#039; highway projects hit roadblock, seek bailout -Mihir Mishra</strong></h1>
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                <div align="justify">-The Indian Express</div><p align="justify"><br />Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &quot;premium&quot;, instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning 3,500 km have failed to take off due to different reasons, including delays in environmental clearances and land acquisition.</p><p align="justify">The National Highways Authority of India (NHAI) had hoped to earn over Rs 1,00,000 crore through premium income, spread over a period of up to 30 years. Flagging the issue, NHAI chairman R P Singh, in a recent letter to the road transport ministry, listed the affected projects and asked the government to expedite a bailout.</p><p align="justify">As in other infrastructure projects, the government can step in to increase the viability of the project by bridging the funding gap, with the assistance taking the form of a capital grant. While &quot;grant&quot; is what is paid by the government to the concessionaire, the opposite is called a &quot;negative grant&quot; or a premium. Quoting a premium for a project amounts to committing an annual payment to the government over a period of the concession duration. Companies resort to offering a premium if they are confident that toll revenues from the project will be able to offset their project cost.</p><p align="justify">In 2011-12, NHAI awarded a record 51 projects covering 6,700 km, of which 27 were awarded to developers on premium.</p><p align="justify">The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent &quot;termination notices&quot;, indicating their unwillingness to continue.</p><p align="justify">The companies cited the delay in getting regulatory approvals as the primary reason for the projects becoming unviable. Morevover, the cost of material required for building roads is estimated to have increased by 25 per cent since the time the projects were awarded.</p><p align="justify">The government is discussing bailout proposals, including allowing the companies to offload the premium amount to be paid in the initial years to later years. The proposal has, however, failed to find acceptance in the law ministry, which feels that offloading of premium would require changes in the agreement.</p><p align="justify">However, a senior road transport ministry official said not all the projects awarded on premium are actually in trouble. &quot;Many of these projects are just being held up because they expect a bailout from the government,&quot; he said. </p>               </font>
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-The Indian Express
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Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &amp;quot;premium&amp;quot;, instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning 3,500 km have failed to take off due to different reasons, including delays in environmental clearances and land acquisition.
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The National Highways Authority of India (NHAI) had hoped to earn over Rs 1,00,000 crore through premium income, spread over a period of up to 30 years. Flagging the issue, NHAI chairman R P Singh, in a recent letter to the road transport ministry, listed the affected projects and asked the government to expedite a bailout.
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As in other infrastructure projects, the government can step in to increase the viability of the project by bridging the funding gap, with the assistance taking the form of a capital grant. While &amp;quot;grant&amp;quot; is what is paid by the government to the concessionaire, the opposite is called a &amp;quot;negative grant&amp;quot; or a premium. Quoting a premium for a project amounts to committing an annual payment to the government over a period of the concession duration. Companies resort to offering a premium if they are confident that toll revenues from the project will be able to offset their project cost.
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In 2011-12, NHAI awarded a record 51 projects covering 6,700 km, of which 27 were awarded to developers on premium.
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The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent &amp;quot;termination notices&amp;quot;, indicating their unwillingness to continue.
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The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent &amp;quot;termination notices&amp;quot;, indicating their unwillingness to continue.
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-The Indian Express



Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &amp;quot;premium&amp;quot;, instead of the general practice of seeking a capital grant from the...&#039;
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-The Indian Express



Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &quot;premium&quot;, instead of the general practice of seeking a capital grant from the..."/>
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                <strong>24 &#039;premium&#039; highway projects hit roadblock, seek bailout -Mihir Mishra</strong></h1>
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                <div align="justify">-The Indian Express</div><p align="justify"><br />Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &quot;premium&quot;, instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning 3,500 km have failed to take off due to different reasons, including delays in environmental clearances and land acquisition.</p><p align="justify">The National Highways Authority of India (NHAI) had hoped to earn over Rs 1,00,000 crore through premium income, spread over a period of up to 30 years. Flagging the issue, NHAI chairman R P Singh, in a recent letter to the road transport ministry, listed the affected projects and asked the government to expedite a bailout.</p><p align="justify">As in other infrastructure projects, the government can step in to increase the viability of the project by bridging the funding gap, with the assistance taking the form of a capital grant. While &quot;grant&quot; is what is paid by the government to the concessionaire, the opposite is called a &quot;negative grant&quot; or a premium. Quoting a premium for a project amounts to committing an annual payment to the government over a period of the concession duration. Companies resort to offering a premium if they are confident that toll revenues from the project will be able to offset their project cost.</p><p align="justify">In 2011-12, NHAI awarded a record 51 projects covering 6,700 km, of which 27 were awarded to developers on premium.</p><p align="justify">The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent &quot;termination notices&quot;, indicating their unwillingness to continue.</p><p align="justify">The companies cited the delay in getting regulatory approvals as the primary reason for the projects becoming unviable. Morevover, the cost of material required for building roads is estimated to have increased by 25 per cent since the time the projects were awarded.</p><p align="justify">The government is discussing bailout proposals, including allowing the companies to offload the premium amount to be paid in the initial years to later years. The proposal has, however, failed to find acceptance in the law ministry, which feels that offloading of premium would require changes in the agreement.</p><p align="justify">However, a senior road transport ministry official said not all the projects awarded on premium are actually in trouble. &quot;Many of these projects are just being held up because they expect a bailout from the government,&quot; he said. </p>               </font>
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-The Indian Express
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Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &quot;premium&quot;, instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning 3,500 km have failed to take off due to different reasons, including delays in environmental clearances and land acquisition.
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The National Highways Authority of India (NHAI) had hoped to earn over Rs 1,00,000 crore through premium income, spread over a period of up to 30 years. Flagging the issue, NHAI chairman R P Singh, in a recent letter to the road transport ministry, listed the affected projects and asked the government to expedite a bailout.
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As in other infrastructure projects, the government can step in to increase the viability of the project by bridging the funding gap, with the assistance taking the form of a capital grant. While &quot;grant&quot; is what is paid by the government to the concessionaire, the opposite is called a &quot;negative grant&quot; or a premium. Quoting a premium for a project amounts to committing an annual payment to the government over a period of the concession duration. Companies resort to offering a premium if they are confident that toll revenues from the project will be able to offset their project cost.
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In 2011-12, NHAI awarded a record 51 projects covering 6,700 km, of which 27 were awarded to developers on premium.
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The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent &quot;termination notices&quot;, indicating their unwillingness to continue.
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The companies cited the delay in getting regulatory approvals as the primary reason for the projects becoming unviable. Morevover, the cost of material required for building roads is estimated to have increased by 25 per cent since the time the projects were awarded.
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The government is discussing bailout proposals, including allowing the companies to offload the premium amount to be paid in the initial years to later years. The proposal has, however, failed to find acceptance in the law ministry, which feels that offloading of premium would require changes in the agreement.
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However, a senior road transport ministry official said not all the projects awarded on premium are actually in trouble. &quot;Many of these projects are just being held up because they expect a bailout from the government,&quot; he said. 
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-The Indian Express
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Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &quot;premium&quot;, instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning 3,500 km have failed to take off due to different reasons, including delays in environmental clearances and land acquisition.
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Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a &quot;premium&quot;, instead of the general practice of seeking a capital grant from the...'
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24 'premium' highway projects hit roadblock, seek bailout -Mihir Mishra

-The Indian Express Two years back, 27 high-density national highway corridors were awarded amid much fanfare to developers who outbid competitors by promising to pay the government a "premium", instead of the general practice of seeking a capital grant from the Centre. Of these projects, all of which were touted as a testimony to renewed investor confidence in the roads sector, 24 sections worth a whopping Rs 34,000 crore and spanning 3,500 km have failed to take off due to different reasons, including delays in environmental clearances and land acquisition. The National Highways Authority of India (NHAI) had hoped to earn over Rs 1,00,000 crore through premium income, spread over a period of up to 30 years. Flagging the issue, NHAI chairman R P Singh, in a recent letter to the road transport ministry, listed the affected projects and asked the government to expedite a bailout. As in other infrastructure projects, the government can step in to increase the viability of the project by bridging the funding gap, with the assistance taking the form of a capital grant. While "grant" is what is paid by the government to the concessionaire, the opposite is called a "negative grant" or a premium. Quoting a premium for a project amounts to committing an annual payment to the government over a period of the concession duration. Companies resort to offering a premium if they are confident that toll revenues from the project will be able to offset their project cost. In 2011-12, NHAI awarded a record 51 projects covering 6,700 km, of which 27 were awarded to developers on premium. The problem with the projects bid on premium came to light during 2012-end, when the developers of the 555-km Kishangarh-Udaipur-Ahmedabad and 332-km Shivpuri-Dewas road projects sent "termination notices", indicating their unwillingness to continue. The companies cited the delay in getting regulatory approvals as the primary reason for the projects becoming unviable. Morevover, the cost of material required for building roads is estimated to have increased by 25 per cent since the time the projects were awarded. The government is discussing bailout proposals, including allowing the companies to offload the premium amount to be paid in the initial years to later years. The proposal has, however, failed to find acceptance in the law ministry, which feels that offloading of premium would require changes in the agreement. However, a senior road transport ministry official said not all the projects awarded on premium are actually in trouble. "Many of these projects are just being held up because they expect a bailout from the government," he said.