This paper focuses on two aspects of the laws that govern the acquisition and transfer of agricultural land for other purposes: (a) litigation over compensation, and (b) the regulatory impediments obstructing
This study, based on a large dataset of 894 projects from 17 infrastructure sectors, attempts to answer certain important questions on time and cost overruns in publicly-funded infrastructure projects: How common and how large are the overruns? What are the essential causes? Are contractual and institutional failures among the significant causes?
The B K Chaturvedi Committee, set up to recommend ways to expedite the National Highways Development Project, seems to have been guided by the misconception that infrastructure can be built by simply doling out additional concessions to the investors.
A new law for land acquisition is imperative, with a clear definition of what constitutes public purpose and exploration of compensation beyond market value, says Ram Singh
THE B K CHATURVEDI COMMITTEE HAS suggested ways for expeditious financing and implementation of the National Highways Development Project (NHDP). It has rectified problematic rules concerning the exit policy, bid security, security to lenders, request for qualifications (RfQ) and request for proposal (RfP). These belated measures will surely make highway projects more attractive for investors.
