NCR board to lend over Rs1,000cr for pending projects in Haryana
Big-ticket infrastructure projects in Gurgaon, which have been pending either because of lack of funds or litigation, have inched closer to reality with the NCR Planning Board agreeing to lend over Rs 1,000 crore to the Haryana government.gurgaon Updated: Jan 23, 2016 01:49 IST
Big-ticket infrastructure projects in Gurgaon, which have been pending either because of lack of funds or litigation, have inched closer to reality with the NCR Planning Board agreeing to lend over Rs 1,000 crore to the Haryana government.
The funds will be used to complete eight key projects across the state, of which the Kundali-Manesar-Palwal (KMP) Expressway and the Gurgaon-Pataudi-Rewari State Highway 26 in Gurgaon district will get a major boost.
According to Haryana public works department minister Rao Narbir Singh, the National Capital Region Planning Board (NCRPB) has decided to lend Rs 343.85 crore for the 52.33-km access-controlled KMP Expressway. The Gurgaon-Pataudi-Rewari State Highway 26, which costs Rs 354 crore, will get a loan of Rs 265.50 crore.
The PWD minister said once the loans are sanctioned, it will not only expedite construction of the KMP Expressway, but also help the government improve the road and rail network across Haryana.
The KMP Expressway was supposed to be completed in 2009 but, it has missed several deadlines since its launch in 2006. The expressway will connect the eastern and western peripheral roads via Delhi, decongesting the capital.
Around 8,000 trucks enter Delhi from Gurgaon every day. As per estimates, the KMP would cater to around two lakh vehicles. However, the project has been delayed due to legal and land acquisition problems from the start. It was only after the Supreme Court’s directions, that the Haryana government cancelled the contract of the previous concessionaire, KMP Private Ltd, allotted the work on the 83-km Manesar–Kundli section to M/s Essel Infraprojects Limited Construction. Work on the 53-km Manesar-Palwal section was awarded in March this year.
The KMP Expressway passes through Sonepat, Jhajjar, Gurgaon, Mewat and Palwal districts in Haryana.
Meanwhile, the Haryana government, in order to ensure work on pending projects such as the KMP Expressway, NPR and SPR is back on track, is planning to acquire land under the land pooling scheme.
The scheme is more favourable for owners and gives enhanced compensation for land acquired for infrastructure projects.
First Published: Jan 23, 2016 01:49 IST