The Hindu Business Line : AP likely to tap World Bank for Rs 1,600-cr road project

The Andhra Pradesh Government may seek World Bank funds to take up the Rs 1,600-crore five-year road maintenance and upgradation project in the State.

The Chief Minister, Dr Y.S. Rajasekhara Reddy, held a review meeting of the Roads and Buildings Department and the discussion, according to a statement from the Chief Minister's Office, centred around the proposed AP State Road project, which would be taken up in 2007. It is to be completed over a five-year period with an estimated outlay of Rs 1,600 crore.

It was proposed that the State would request the World Bank for AP State Road project covering Rs 800 crore for four laning and strengthening of 400 km, Rs 350 crore for widening of two lane and strengthening of 600 km, Rs 200 crore for seven non-viable roads to be taken up under the PPP (public, private partnership) mode for three lane and Rs 200 crore for 820 km and Rs 250 crore for Long Term Performance Based Maintenance Contract for 1500 km road stretch.

The Chief Minister directed officials to upgrade all 1550 km of three-lane track to four lane under the build, operate and transfer model. While the Roads and Buildings Department would be the nodal agency for these projects, the Chief Minister instructed that the officials release Rs 21 crore towards the Tsunami funds to the Department.

More Stories on : Roadways | RBI & Other Central Banks | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Growth of students opting for Australia static at 33 pc

New Indian Area Marketing Manager

Air Deccan hikes fuel surcharge

Ministry says no to employing foreign crew aboard Indian vessels

Karachi Express Service to touch Pipavav

Nathula Pass reopened after 44 years

AP likely to tap World Bank for Rs 1,600-cr road project