NHAI eyes law tweaks to form land banks

Economy


NEW DELHI: The National Highways Authority of India (NHAI) will seek amendments in the National Highways Act to acquire more land to create land banks to meet future requirement and to monetise them. This is being pushed as a nonconventional source for raising revenue for building and expansion of highways.

Sources said the amendments are necessary since the central law specifies that NHAI can acquire land only for highways. Section-3A, which deals with land acquisition, says: “Where the Centre is satisfied that for a public purpose any land is required for building, maintenance, management or operation of an NH or part thereof, it may, by notification in the official gazette, declare its intention to acquire such land.”

It also says every notification shall give a brief description of the land while seeking feedback from landowners.

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Officials said NHAI has zeroed in on incorporating the provision of acquiring land for commercial use and entertainment purposes as well. An official said, “Since NHAI pays high compensation under the central law, landowners would have no objection.”



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