Karaikudi-Ramanathapuram NH project gets Centre's nod

Image
T E Narasimhan Chennai
Last Updated : Jan 29 2013 | 3:33 AM IST

The Cabinet Committee on Economic Affairs on Friday gave its approval for the much awaited 2-laning of national highway (NH) 210 between Karaikudi and Ramanathapuram, which stretches for 80 km in Tamil Nadu.

The estimated cost of the project is Rs 530.33 crore including Rs 76.21 crore towards land acquisition (LA), rehabilitation & resettlement (R&R) and pre-construction, according to sources.

The project, under NHDP Phase III, will be built on build operate and transfer/ design build, finance, operate and transfer basis. The concession period will be for 15 years.

The government would provide the viability gap funding, which would not exceed 40 per cent of the total project cost excluding the cost of LA, R&R and pre-construction.

The project will be developed by the National Highways Authority of India (NHAI) through the private sector concessionaires, for which the bidding process would commence soon. NHAI has already completed the pre-qualification of the bidders and the second stage of bidding process is in progress, said a senior government representative.

The total investment by the Tamil Nadu government under various phases of the National Highway Development Project (NHDP) is in the order of Rs 33,000 crore and so far nearly around Rs 13,000 crore has been invested.

Union Minister for Shipping, Road & Transport TR Baalu said Tamil Nadu was served by 4,675.5 km length of National Highways of which, 3,261 km had been taken up by the NHAI for four-laning under NHDP.

Works in two-packages on 77-km length under the port connectivity project between Chennai and Ennore ports and from Tirunelveli to Tuticorin port are in progress. The total investment for the port connectivity project is Rs 800 crore.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 05 2009 | 12:00 AM IST

Next Story