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GMR-NHAI row: It’s not about clearances but greed

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In 2011-12, NHAI awarded 49 bids of which 32 fetched premium (a committed annual payment to the government over the term of the project) in the PPP model where upfront revenue was offered to NHAI that increases by 5 percent annually. Currently, 35 projects are awaiting financial closure because overbidding implies massive funding. Read More

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