The National Highways Authority of India (NHAI) has decided to constitute a high powered conciliatory committee, consisting of senior functionaries to resolve various cases relating to construction of national highways, according to its Chairman YS Malik.

According to a PHDCCI release, the committee would consist of three Chief General Managers of NHAI with a mandate to settle such disputes following approval from Cabinet Committee on Economic Affairs and is likely to take a shape in next one month or so.

“With the three-member committee coming into existence, the aggrieved contractors and stakeholders can approach the committee and seek solutions for their disputes and conflicts in national highways projects which involve investment worth thousands of crore,” Malik said.

According to him, “in the recent past, 436 arbitral awards have been pronounced in build-operate-transfer projects of NHAI. About 150 arbitral cases have been resolved whereas 199 are pending at various stages.”