India: Major Bottlenecks in Highways Construction will be removed in a month s time.Byline: Mamta03 The Minister for Road Transport & Highways Shri Kamal Nath Shri Kamal Nath (born 18 November, 1946) is a cabinet minister in Ministry of Commerce and Industry. He is a member of the 14th Lok Sabha of India. He represents the Chhindwara constituency of Madhya Pradesh and is a member of the Indian National Congress (INC) political party. has announced that significant changes in the processes and procedures in the highways construction sector will be introduced in a month s time. Speaking at the Economic Editors Conference, 2009 organized by the Press Information Bureau, Shri Nath 1. hath not. said much of the bottlenecks will be removed in a month s time. He said that with the suggestions of the Chaturvedi Chaturvedi is a word describing a person who is proficient not only in the vedic branch into which he was born, but in all four Vedas. The word "Chaturvedi" comes from the words "chatur," meaning four, and "vedi," meaning one who has learned the Vedas. Committee- appointed by the Prime Minister to resolve procedural impediments IMPEDIMENTS, contracts. Legal objections to the making of a contract. Impediments which relate to the person are those of minority, want of reason, coverture, and the like; they are sometimes called disabilities. Vide Incapacity. 2. to the National Highways Development Program- approved by the Cabinet Committee on Infrastructure, the first phase of irritants have been removed . Elaborating on some of the recommendations that were approved, the Minister said, changes have been made in the exit clause, termination and conflict of interest Clause so as to address the concerns of the stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. . On the conflict of interest clause, he said that now disqualification dis·qual·i·fi·ca·tion n. 1. The act of disqualifying or the condition of having been disqualified. 2. Something that disqualifies: illness as a disqualification for enlistment in the army. will not apply if the level of direct or indirect shareholding of competing bidders is not more than 25% of the paid-up capital Paid-Up Capital The total amount of shareholder capital that has been paid in full by shareholders. Notes: Paid-up capital is essentially the portion of authorized stock that the company has issued and received payment for. and subscribed share capital, instead of the current level of 5%. He further said that the Ministry has made a legal reference on the issue of associates, and new bids with redefined conflict of interest clause will be put up for tendering in two week s time. He also informed that to speed up the processes at NHAI NHAI National Highway Authority of India , the government has also approved that further amendments to the RFQ/RFP could be done by the Ministry based on recommendations of NHAI Board. The Minister also announced that a Maintenance Manual would be put out so as to maintain the highways in good shape. On road safety issues, he said that a national conference with participation of state governments will be held shortly. Shri Nath also informed the participants at the Conference that the process time for land acquisitions have been reduced from 18 months to 8 months and 150 special land acquisition units are being set up. He also announced that 6 posts of Executive Directors would be created at Kolkata, Lucknow, Guwahati, Mumbai, Bangalore and Bhopal to liaise with State Governments and ensure speedy implementation of the projects. The Minister said that Work plan for 2010-11, for award of another 11,721 km has been prepared. The same have been posted on the NHAI website in order to enable the stakeholders to plan ahead Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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