NHAI sets new funding, approval rules for projects undertaken for government agencies

New Delhi, Nov 2 (UNI) The National Highways Authority of India (NHAI) has laid down fresh guidelines for executing infrastructure projects for government departments, public sector undertakings, and other agencies, requiring them to bear the entire project cost and introducing separate financial and administrative approval procedures. Under the policy circular, NHAI will undertake such projects as deposit works at the request of the concerned agency, which must provide funds in advance or in mutually agreed phases. "Entire (100 per cent) expenditure for these Works shall be met from the funds provided by the concerned Principal Agency," the authority said. The…