Web Exclusive | April 2013
'Parliament to clear roads regulator with punitive powers'
The Indian Parliament will clear the setting up of the highways regulator in case the government decides to grant punitive powers to the body, Union Roads Secretary Vijay Chibber has said. However, if the government decides to do away with the idea of giving punitive powers to the regulator, the nod from other top panels would suffice, he added.
Union Finance Minister P Chidambaram had announced in the Budget 2013-14 the setting up of a road regulatory authority to address the challenges including financial stress, enhanced construction risk and contract management.
The key functions of the proposed regulator are likely to be tariff setting, regulation of service quality, assessment of concessionaire claims, collection and dissemination of sector information, service-level benchmarks and monitoring compliance of concession agreements, among others.