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1% of Total Construction Cost of Highways to be Set Aside for Green Initiatives: For Speedy Green Clearances

News:

In a bid to secure speedy green clearances for highways, the government plans to introduce a 'tree transplantation' clause in highway contracts that will require project developers to salvage as many trees as possible.A separate budget will also be earmarked for transplanting.  A total of 1% of the cost of construction would be kept aside only for the green initiatives. 

Source: ET

SNP Infra Research:

 From the experiences in the past, it was evident that the developers gave little preference to the green inititaives. Intoducing the maintenance of these tress in contractual documents and setting aside 1% of construction cost for green initiatives may force the developers who dont have expertise in the said field to outsource the work to certain agencies who have prior experience. 

Source: SNP Infra Research