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Nitish inaugurates schemes of bridge construction corporation

Press Trust of India  |  Patna 

Kumar today inaugurated and laid foundation stones for 122 schemes, worth Rs 875 crore, of the state bridge construction corporation.

At a function organized here on the occasion of 43rd establishment day of the Rajya Pul Nirman Nigam Ltd, Kumar expressed satisfaction over the Nigam's performance over the last one decade.

Prior to 2005, when he first assumed power in Bihar, this company was moribund and running into huge losses, the said.

"It has come a long way since then and it earned a net profit of Rs 50 crore in 2017-18. Its yearly turnover has shot up from less than Rs 60 crore to more than Rs 1600 crore," Kumar said.

It has contributed a lot to the Chief Minister's Relief Fund and spent about Rs 70 crore towards corporate social responsibility, he said.

"Earlier, our government had set a target to construct roads which could enable people from any district headquarter to reach in not more than six hours. We now take things to a higher level so that the state capital could be reached, from all district headquarters, within five hours. This would obviously involve construction of lots of bridges and you have an important role to play in that," Kumar added.

He also said the state is likely to have many more fly-overs and elevated roads in the years.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 11 2018. 22:45 IST