HomeNewsBusinessEconomyGovernment approves Rs 1,955 cr road link project

Government approves Rs 1,955 cr road link project

"The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the construction of a new link between Sahibganj bypass in Jharkhand to Manihari bypass in Bihar, including a four-lane bridge on river Ganga," an official statement said.

October 13, 2016 / 14:16 IST
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A highway project worth Rs 1,955 crore for construction of a road link between Sahibganj in Jharkhand to Manihari in Bihar, including a bridge on the Ganges, received Cabinet clearance today.

"The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the construction of a new link between Sahibganj bypass in Jharkhand to Manihari bypass in Bihar, including a four-lane bridge on river Ganga," an official statement said.

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The cost is estimated to be Rs 1,954.77 crore, including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The total length of the road to be developed is approximately 22 kms.

The job will be executed in hybrid annuity Mode, the Ministry of Road Transport and Highways said, adding that the concession period is 19 years, including a construction period of four years.