CCEA approves construction of stands alone ring roads, bypassesDecember 6th, 2007 - 10:22 pm ICT by admin
New Delhi, Dec 6 (ANI): The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for construction of ring roads, bypasses (including improvement of NH links in city), grade separated intersections, flyovers, elevated roads, tunnels, road over bridges, underpasses and service roads at a cost of16,680 crore rupees (Rs. 6,302 crore from government and Rs.10,378 crore from private sector), on BOT (Toll) basis.
Out of Rs.16,680 crore of NHDP Phase - VII, Rs.10,500 crore will be spent on constructions for 700 km of ring roads and bypasses. The remaining amount of Rs.6,180 crore on stand alone Grade Separated Intersections, Road Over Bridges, Elevated Roads, Tunnel, Underpasses and Service Roads.
Construction of ring roads, bypasses, grade separators, flyovers, Elevated roads, tunnels, Road Over Bridges, Underpasses, service roads, etc. will improve traffic safety and improve faster movement of vehicles with improved riding quality and time. This will lead to reduction in vehicle operating cost and significant reduction in fuel consumption for the vehicles resulting in energy conservation.
The works of stand alone ring roads and bypasses are likely to be awarded by March, 2011 and is likely to be completed by December, 2014. (ANI)
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