Govt clears Rs 1,206 cr road project

The Government gave its nod for the Rs 1,206 crore four-laning of the Madhya Pradesh/Maharashtra Border-Nagpur section under the National Highway Development Programme (NHDP), Phase II.

The Government on Wednesday gave its nod for the Rs 1,206 crore four-laning of the Madhya Pradesh/Maharashtra Border-Nagpur section under the National Highway Development Programme (NHDP), Phase II.

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The project, cleared by the Cabinet Committee on Economic Affairs (CCEA), would be implemented on a build-operate-transfer basis at an estimated cost of Rs 1,205.52 crore.

The Government would provide viability gap funding, which will not exceed 40 per cent of the project cost.

The concession period for the project will be 27 years, including the construction period of 910 days, Home Minister P Chidambaram said while briefing on the decisions of the CCEA.