India´s government approves two road PPPs
India's Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the development of two road PPP projects in Maharashtra and Punjab.
One project involves the development of Aurangabad-Telwadi Section of NH-211 in Maharashtra. The total length of the road to be developed is approximately 87 kms. The project will help in expediting the improvement of infrastructure in Maharashtra and in reducing the time and cost of travel for traffic, particularly heavy traffic, plying between Aurangabad and Telwandi.
The cost is estimated to be Rs.20.29 billion (US$301.4 million) including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The project will be developed under the National Highways Development Project (NHDP) Phase-IV on Design, Build, Finance, Operate and Transfer (BOT/DBFOT) basis in Build-operate-Transfer (BOT) (Toll) mode.
The other project involves the development of Phagwara-Rupnagar Section of NH-344A in Punjab. The total length of the road to be developed is approximately 80.820 kms. The project will help in expediting the improvement of infrastructure in Punjab and in reducing the time and cost of travel for traffic, particularly heavy traffic, plying between Phagwara-Rupnagar section.
The cost is estimated to be Rs.14.44 billion (US$214.5 million) including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The project will be developed under the National Highways (Others) on Hybrid Annuity Mode.
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