The Hindu Business Line : Cabinet clears Rs 22,000 cr for NHDP project

THE Cabinet on Saturday approved the 4,000-kilometre-long National Highways Development Project (NHDP) Phase-III A. The project will cost Rs 22,000 crore and is to be built under the build, operate and transfer scheme.

The Union Road and Shipping Minister, Mr T.R. Baalu, said that of the Rs 22,000 crore, Rs 2,000 crore would go for acquisition of land while the remaining Rs 20,000 crore would go towards civil works.

He added that the Government would contribute 40 per cent (or Rs 8,800 crore) of the cost while the remaining funds would come from private entrepreneurs. The project, representing the NHDP-IIIA, is likely to be completed by 2009.

The Cabinet also gave an in-principle approval for four-and six-laning of an additional 6,000 km under the NHDP Phase-III B. The overall cost of four-laning of 10,000 km would be Rs 55,000 crore.

The stretches that would be covered fall on the Golden Quadrilateral connecting the four metros — Delhi, Mumbai, Chennai and Kolkata — and those leading to ports, pilgrim centres and other places of tourist interest and areas of economic importance.

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Cabinet clears Rs 22,000 cr for NHDP project