Business Daily from THE HINDU group of publications Monday, Jul 02, 2007 ePaper |
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Logistics
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Roadways States - West Bengal ‘Nivedita Bridge’ to be opened soon
Our Bureau Kolkata, July 1 The Second Vivekananda Bridge, which boasts of the single-largest foreign direct investment in the transportation sector in eastern India, has been awarded the provisional completion certificate by independent consultant Schlaich Bergerman Und Partners of Germany. The bridge, which has formally been christened as ‘Nivedita Bridge’, will be opened to the public over the next few days. Built at an investment of Rs 650 crore, the bridge is part of a 6.1 km-long build, operate, transferproject involving a six-lane modern multi-span, extra-dosed bridge over the river Hooghly at Dakshineswar. It is expected to serve as a “vital link in the National Highway system of the country” as it will link Kolkata and National Highways 34 and 35 to other states, the North East and Bhutan. Addressing a news conference here to announce the completion of the project, Prof. S.S. Chakraborty, Chairman of the Second Vivekananda Bridge Tollway Company Pvt Ltd, had said the bridge was constructed in record time with the participation of a consortium that included the Pacific Alliance Group of California, Strategic Alliance Development Corporation of the Philippines, TransAsia Infrastructure Holding LLC and Larsen & Toubro, among others. Speaking on the occasion, Dr Jay Ved, Co-Chairman of Second Vivekananda Bridge Tollway Company Pvt Ltd, said the National Highways Authority of India had provided Rs 120 crore towards the project even as a consortium of foreign investors had pumped in two-thirds of the project’s equity component of Rs 127 crore.
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