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ARTICLE · 09 DECEMBER 2024

JSA Newsletter | Highways & Logistics | September 2024

JSA Advocates & Solicitors
JSA Advocates & Solicitors
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JSA Advocates & Solicitors

JSA Advocates & Solicitors

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This JSA Highways and Logistics Newsletter focuses on key developments undertaken in the Indian roadways and logistics sector between July – September 2024.

IndiaTransport
Vishnu Sudarsan
Vishnu Sudarsan
Ashish Suman
Ashish Suman
Kartikeya G.S.
Kartikeya G.S.
Ayan Sinha
Ayan Sinha
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This JSA Highways and Logistics Newsletter focuses on key developments undertaken in the Indian roadways and logistics sector between July – September 2024.

The National Highways Authority of India issues circular pertaining to electronic bank guarantees

The National Highways Authority of India ("NHAI"), vide circular dated July 1, 2024, has taken note of the amendment to the General Financial Rules, 2017 allowing for the submission and acceptance of electronic bank guarantees. Therefore, it has decided to accept electronic bank guarantees as valid performance security and/or bid security.

Source: NHAI Circular dated July 1, 2024

NHAI issues Standard Operating Procedures for implementing works by third party contractors at risk and cost of concessionaire

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