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Goa Road and Bridge Projects Arbitration Cases

Sector: Government • Location: Cortalim, Mormugao, Salcete, Pernem, Goa, India

Source: Times of India

Project
Delayed

Several road and bridge projects in Goa funded by the Union ministry of road transport and highways, worth over Rs 14,000 crore, are facing delays due to land acquisition issues and protests. Contractors have claimed losses of Rs 300 to Rs 500 crore each and have initiated arbitration proceedings. The delays have caused machinery to lie idle and may result in the ministry and Goa government paying

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The project “Goa Road and Bridge Projects Arbitration Cases” is an infrastructure initiative in the Government sector, located in Cortalim, Mormugao, Salcete, Pernem, Goa, India. Taiyo aggregates data on it from Times of India.

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delayed

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Description

Description

Several road and bridge projects in Goa funded by the Union ministry of road transport and highways, worth over Rs 14,000 crore, are facing delays due to land acquisition issues and protests. Contractors have claimed losses of Rs 300 to Rs 500 crore each and have initiated arbitration proceedings. The delays have caused machinery to lie idle and may result in the ministry and Goa government paying substantial settlement amounts if arbitration rulings are unfavorable.

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