Cabinet approves construction of 1000-km of expressways at a cost of Rs 16680 crore | INRnews

New Delhi, November 02, 2006 - The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for undertaking construction of 1000 km of expressways under Phase VI with full access control and on new alignments along the routes at a cost of Rs.16,680 crore (Rs.9,000 crore from private sector and the balance amount of Rs.7,680 crore as viability gap funding, cost of land acquisition, utility shifting, consultancy etc. to be met by the Government).

The expressways would be built through Public Private Partnership on Build, Operate and Transfer basis following Design, Build, Finance and Operate pattern under National Highways Development Project Phase VI.

Construction of expressways will improve traffic safety and provide faster movement of vehicles with improved riding quality and time. This will lead to reduction in vehicle operating cost and significant reduction in fuel consumption for the vehicle resulting in energy conservation.

The entire project is likely to be completed by December 2015. 
 
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By INRnews Correspondent

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