NHAI definition
Examples of NHAI in a sentence
Tenderer shall submit proof of experience as a contractor or sub contractor of having successfully executed similar works of erection of EHT/HT/LT Lines/DTs etc in PSPCL,PUDA, Railways, NHAI, PWD, Public Sector Undertakings or other Govt/Semi Govt.
Tenderer shall submit proof of experience as a contractor or sub- contractor of having successfully executed similar works of erection of EHT/HT/LT Lines/DTs etc in PSPCL,PUDA, Railways, NHAI, PWD, Public Sector Undertakings or other Govt/Semi Govt.
The Valuation Expert appointed by NHAI shall be final and binding upon Sublessor and Sublessee.
NHAI shall have its financial statements referred to above audited by independent auditors acceptable to the Bank, in accordance with consistently applied auditing standards acceptable to the Bank.
No Party shall seek and each Party shall waive any requirement for, the securing or posting of a bond in connection with the other Party seeking or obtaining such equitable relief.
NHAI shall ensure that the audited financial statements for each period shall be furnished to the Borrower and the Bank not later than six (6) months after the end of the period.
This gives tremendous band width to the Company for getting and implementing projects with fairly brisk pace and since major BOT projects are either completed or support funding being completed by (NHAI one time fund in Panvel Indapur) Company can focus on EPC and ramp up the operations without major Capex or qualification building exercise as equity requirement of the Company also negligible and cash flow from BOT project have started.
NHAI shall monitor and evaluate the progress of the Project and prepare Project Reports in accordance with the provisions of Section 5.08(b) of the General Conditions and on the basis of indicators agreed with the Bank.
The cost of such felling shall be borne by the Concessionaire as per the cost fixed by Chennai Metropolitan Development Authority (CMDA) or National Highway Authority of India (NHAI) or Highways Department, Tamil Nadu or any other agencies.
NHAI’s Representative is the Chairman, NHAI, or any other person or persons as the Chairman, NHAI, shall designate in writing.