Government approves Rs 1,479 crore road project in Jharkhand

Aug 20, 2010 |

New Delhi

The government on Friday approved a Rs 1,479 crore project in Jharkhand under the National Highways Development Project (NHDP).

"The Cabinet Committee on Infrastructure (CCI) on Friday approved the implementation of the project of four lanes of Ranchi-Rargaon-Jamshedpur section of NH-33 from 113.73 km to 277.50 km in Jharkhand under NHDP Phase III," an official statement said here on Friday.

The project will be built on design, build, finance, operate and transfer (DBFOT) basis. The construction period for the project will be 15 years and the government will meet the expenditure amounting to Rs 55.84 crore for land acquisition and other pre-construction activities, the statement said.

The implementation of the project will reduce the time and cost of travel for the traffic plying between the capital city of Ranchi and the industrial township of Jamshedpur in Jharkhand.

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