NHAI Successfully Defends Major Arbitration Case to Safeguard Public Funds in National Highway Projects

India, July 27 -- The Government of India has issued a release:

Achieving a significant legal and financial milestone, NHAI has secured a favorable outcome in the arbitration proceedings pertaining to Bareilly Highways Project Limited (BHPL), a concessionaire promoted by M/s Era Infra Engineering Limited for 151 km long Bareilly - Sitapur BOT (Toll) project in Uttar Pradesh which was terminated by NHAI in May 2019. The Arbitral Tribunal substantially upheld the position of NHAI, thereby safeguarding public resources and reaffirming the contractual framework governing National Highway projects.

The three-member Arbitral Tribunal examined claims and counterclaims arising out of the concession agreement for the project. The Concessionaire ha...