Cabinet approves highways development in five states

Image
IANS New Delhi
Last Updated : Aug 24 2016 | 9:22 PM IST

The Union cabinet on Wednesday approved the development of National Highways totalling 1,120 km in length in Karnataka, Odisha, Bihar, Rajasthan and West Bengal.

"The work for the development of two-lane standards fall under Phase-I of the National Highways Inter-connectivity Improvement Project (NHIIP) with World Bank assistance. The revised estimated cost is Rs 6,461 crore, including the cost of land acquisition, resettlement and rehabilitation and other pre-construction activities," said an official statement.

The proposal was initially approved for Rs 5,193 crore.

The cost increased due to higher bid prices, and increase in cost of land acquisition, resettlement and rehabilitation and other pre-construction activities.

"The projects have already been taken up for implementation and 429-km roads completed. The civil works are expected to be completed by July 2019 and maintenance works by July 2024," said the statement.

"The project will ensure safe, fast and all-weather movement of traffic on the proposed National Highways, mostly located in backward regions, thereby boosting socio-economic development," added the statement.

--IANS

rup/tsb/vt

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Aug 24 2016 | 9:04 PM IST

Next Story