Govt clears Rs 4,918-cr highway project in Bihar, Jharkhand

To augment road infrastructure in Bihar and Jharkhand, the government today approved a Rs 4,918-crore project to widen stretches on National Highway 2 running through the two states.
"The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, has given its approval for development of the six-laning of Aurangabad-BarwaAdda section on National Highway 2 in Bihar and Jharkhand," an official statement said.
This work will be under the National Highways Development Project (NHDP) phase-V.
The approval has been given in BOT (build, operate, transfer) (toll) mode on design, build, finance, operate and transfer (BOT/DBFOT) basis.
"The cost is estimated to be Rs 4,918.48 crore, including land acquisition, resettlement and rehabilitation and other pre-construction activities," the statement said.

Total length of the roads will be approximately 222 kms.
The aim is to expedite the process to bolster infrastructure in Bihar and Jharkhand and reduce time and cost of travel for traffic on the Aurangabad-BarwaAdda section on National Highway 2 in Bihar and Jharkhand.
This is expected to help uplift the socio-economic condition of the region concerned and increase employment potential, the statement said.