Minister of State for Road Transport and Highways Sarvey Sathyanarayana said financial closure has not been achieved in 32 National Highway (NH) projects.
Speaking at the Lok Sabha, the minister said there is no time and cost over-run since appointed date has not been declared in these projects.
The government is consistently making efforts with the stakeholders and financial institutions to infuse greater fund flow in the highway projects.
The Reserve Bank of India gave dispensation to treat the debt due to lenders, to the extent assured by project authorities in terms of concession agreement, as secured loan.
Disinvestment of 100 percent equity to other willing buyers have been allowed after completion of the construction and also substitution of concession allowed after achievement of financial close to salvage the languishing projects.