Currently, roads are only entrusted with the authority which licences them to private developers who cannot provide such roads as security to avail loans from banks and other other institutions. Once the roads are vested with the NHAI, the authority can lease them to the developer who can securitise the property to raise money.
The Umbrella SSA is a single agreement that entitles the state government to support and facilitate the Centre in land acquisition, law and order and security in every highway project across the state.
The transport mnistry had in November 2006 proposed the four Expressways -- Vadodara-Mumbai, Bangalore-Chennai, New Delhi-Meerut and Kolkata-Dhanbad.
The retirement age for public sector bank employees is 60 years. The PFRDA chairman can serve till the age of 65. Sources said the proposal was being sent to the appointments committee of cabinet.
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