NEW DELHI: There will soon be a regulator for the road sector that will address concerns of road users and private developers as well. The authority is likely to have the mandate to look into people’s complaints such as poor maintenance, lack of promised facilities and safety measures, service-level benchmarks and monitoring compliance of concession agreements both against developers and NHAI.
Pitching for a regulator,
Chidambaram said, “The road construction sector has reached a certain level of maturity. Challenges not envisaged earlier, including financial stress, enhanced construction risk and contract management issues, are best addressed by an independent authority.”
Signalling revival of the road sector, Chidambaram said 3,000 km of national highway (NH) work would be awarded in UP, Rajasthan, Madhya Pradesh, Maharashtra and Gujarat by September 2013. Majority of these projects will be on 100% government funding.
Union Budget 2013Budget news 2013Economic Survey