Govt approves Rs 16,680-cr NHDP Phase VII

December 6, 2007

NEW DELHI: The government on Thursday approved development of road projects including construction of ring roads, bypasses and tunnels under Phase VII of National Highways Development Programme at a cost of Rs 16,680 crore.

“The Cabinet Comittee on Economic Affairs (CCEA) today gave its approval for construction of ring roads, bypasses, graded intersections, flyovers, elevated roads, tunnels, road over-bridges, underpasses and service roads at a cost of Rs 16,680 core,” an official spokesperson said after the CECA meeting.

The total project would be executed on build, operate and transfer (BOT) basis.

Of the total money, the government would fund Rs 6,302 crore and Rs 10,378 crore would be ensured through private sector participation, she said.

Under NHDP-VII, Rs 10,500 crore will be spent on constructions for 700 km of ring roads and bypasses and the remaining money would be utilised to construct grade separated intersections, road over-bridges, elevated roads, tunnels, underpasses and service roads, the spokesperson said.

These constructions will improve traffic safety and ensure faster movement of vehicles with improved riding quality time.

“This will lead to reduction in vehicle operating cost and significant reduction in fuel consumption for the vehicles resulting in energy conservation,” she said.

The works on stand-alone ring roads and bypasses are likely to be awarded by March 2011 and is to be completed by December 2014.

Source: economictimes.indiatimes.com