New Delhi, Oct 5
The Government today approved six-laning of 6,500 km of National Highways (NH), comprising 5,700 km of Golden Quadrilateral (GQ), at a cost of Rs 41,210 crore.
"The Cabinet Committee on Economic Affairs (CCEA) gave its approval for six-laning of NH comprising 5,700 km of GQ and remaining 800 km of other sections of NH under NHDP-V at a cost of Rs 41,210 crore (Rs 35,692 crore from the private sector and Rs 5,518 crore as viability gap funding, utility shifting, land acquisition, etc.)," Finance Minister Mr P. Chidambaram told newspersons after the CCEA meeting.
The projects would be taken up on a build, operate, transfer (BOT) mode following a design, build, finance and operate (DBFO) pattern, with a maximum of 10 per cent viability gap funding, he added.
The cost of projects under NDHP-V has been estimated at Rs 6.34 crore per km, comprising Rs 5.78 crore per km for construction and Rs 0.56 crore per km for land acquisition, utilities, consultancy, etc., he added.