Rs 90 bn locked in cases over road projects
A whopping Rs 90 billion (Rs 9,000 crore) is locked in arbitration cases related to road projects in India, according to a new World Bank study released in Delhi today. Releasing its new report on Indian road construction industry, the Bank said that about 40 per cent projects in India suffer cost over-runs of 25-50 per cent and 70 per cent projects are completed with time over-runs.
Publication Date:
06/10/2009