The 23.4-km-long Northern Peripheral Road (NPR) will be a tolled stretch.
This decision was taken on Friday by the Industrial Development Commissioner (IDC) and Ghaziabad Development Authority (GDA) officials at a meeting in Lucknow.
In June 2012, chief minister Akhilesh Yadav had ordered expediting various projects in Ghaziabad, including the NPR work. The NPR will start from NH-24 near Dasna and connect pipeline road near the Hindon, Tila Morh, Koyal Enclave, Bhopra, Tulsi Niketan among others. The areas are likely to see a housing boom and development in a few years.
In view of various housing projects coming up along major highways such as NH-24, NH-58 and state highway (SH) 57 in Ghaziabad, the GDA had proposed the development of NPR. The road will connect all three major highways.
“It will be a tolled road and will be developed on public private partnership (PPP) model,” said Santosh Kumar Yadav, vice-chairman, GDA.
The cost of the project is estimated around Rs 450 crore, which will be borne by the concessionaire. Further, the GDA will acquire land for the road worth R200 crore.
As per the decision taken in the meeting, the toll will be charged for a period of 18 years.