After nearly 3 years, NHAI bids out undertaking to be constructed with full personal funding, zero govt funding – The Occasions of India
NEW DELHI: After a niche of just about three years, the NHAI has bid out a freeway undertaking that can be constructed with full personal funding and 0 funding from the federal government. The Rs 5,279 crore Guwahati Ring Highway undertaking, which features a three-km bridge on the Brahmaputra, was bid out final week to a freeway developer who will get better the funding from toll assortment.
The federal government, in its Financial Survey, has put extra thrust on public personal partnership (PPP) and finance minister Nirmala Sitharaman in her price range speech had spoken about every ministry getting ready a listing of tasks to be taken up on the PPP mode. At current, most tasks on PPP mode are within the highways sector. It was in March 2023 final when the NHAI had bid out two tasks in Maharashtra on the construct, function and toll (BOT) mode.
An NHAI official mentioned the undertaking was bid out to Dinesh Chandra R Agrawal Infracon for a quoted grant of “Rs 0 (Rupees Zero)” on BOT mode, which means the complete price of development could be borne by the agency. He added that with practically 98% land obtainable and all clearances in place, the undertaking is anticipated to be accomplished within the stipulated 4 years.
The Assam authorities will bear 50% of land price and has additionally given exemption from royalty on aggregates and state portion of GST.
The 121-km Guwahati Ring Highway is likely one of the eight main freeway tasks that the cupboard chaired by PM Narendra Modi had authorised on Aug 2, entailing an funding of round Rs 50,655 crore.
The ring street will assist decongest Guwahati metropolis and neighboring northeastern states as it can bypass main visitors coming from West Bengal and Bihar, and going to Silchar, Nagaland and Tripura. The undertaking is split into three sections – 56 km between Baihata and Sonapur, which can be a four-lane access-controlled greenfield part; widening of the prevailing eight-km lengthy four-lane bypass to six-lane; and enchancment of the prevailing 58-km bypass on NH 27.
