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The Rs 2,011-crore infrastructure project to lay a six lane road between Vijayawada-Gundugolanu on the National Highway-5 in Andhra Pradesh has been okayed by the Union Cabinet.
The project will reduce the time and cost of travel for traffic, particularly heavy commercial and passenger vehicles in the busy region of coastal Andhra.
Of the total project cost, Rs 327 crore will be required for land acquisition, rehabilitation and resettlement.
The total length of the project will be 103.590 km, according to an official release.
The NH-5 is an important link connecting Kolkata to Chennai. The project will ease traffic on this section passing through Guntur, Krishna and West-Godavari districts of Andhra Pradesh.
The project is part of the ongoing golden quadrilateral corridor.
It will be implemented on a Build, Operate and Transfer mode with toll. It is being implemented under the NHDP Phase-V.
In October 2006, the Cabinet had approved six landing of 6,500 km of four lane national highway comprising 5,700 km of golden quadrilateral and 800 km of other sections at an investment of Rs 51,210 crore under NHDP Phase-V.
Of this Rs 35,692 crore is expected to come from private sector and Rs 5,518 crore from Government funding.
The average cost per km is now Rs 10 crore under the initiative.
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