Awaiting CCEA meet minutes; 2-3 projects may gain: Sadbhav

The Cabinet Committee on Economic Affairs on Tuesday is said to have cleared the proposal to recast annual premiums to be paid to the NHAI (National Highways Authority of India). Nitin Patel of Sadbhav Engineering is hopeful that two or three projects of the company may fall under this category.

Also read: Govt approves Rs 1,756-crore road project in Gujarat Below is the edited transcript of his interview to CNBC-TV18. Q: Are any of your projects been cleared by the CCEA with respect to rescheduling of the premium? A: We got the news that the list has not come out, but CCEA has given approval for going for rescheduling of the premium. The National Highway Authority of India (NHAI) has to take a call on the applicants on a project basis. After looking at the minutes of the meet, we will be able to find which projects will fall in that and how NHAI is going to take a call on the same. Q: Could you tell us how many of your projects fall in this category which could be eligible for premium rescheduling? We understand your Solapur-Maharashtra-Karnataka border Bijapur road project could be impacted? A: That is one. Apart from that, another two-three projects may go for the same as we need to see how the scheme has been drafted, when was the project bid for and how it has been taken by NHAI. It will be the deciding factor.