India approves four road PPP projects

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India approves four road PPP projects

This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

The Indian Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for four roads PPP projects.

The four projects will be under the National Highways Development Project (NHDP) Phase-V. The road projects will be developed in build, operate, transfer (BOT) (Toll) mode on design, build, finance, operate and transfer (BOT/DBFOT) basis.

The four Projects are the following:

  • Six laning of the Handia-Varanasi section of NH-2 in Uttar Pradesh. The total length of the road will be 72.398 kms. The concession period will be 28 years including construction period of 30 months. The total cost of the project including land acquisition, rehabilitation and pre-construction activities will be Rs9.45 billion (US$152 million).  The project is covered in the districts of Allahabad, Pratap Garh, Dr. Ambedkar Nagar, Mirzapur and Varanasi in Uttar Pradesh.
  • Six laning of the Chakeri-Allahabad section of NH-2 in Uttar Pradesh. The total length of the road will be approximately 145 kms. The cost is estimated to be Rs20 billion (US$321.5 million) including the cost of land acquisition, resettlement and rehabilitation and other pre-construction activities.
  • Six laning of the Baleshwar-Chandikhole section of NH-5 in Odisha. The total length of the road will be approximately 137 kms. The cost is estimated to be Rs23 billion (US$369.7 million) including the cost of land acquisition, resettlement and rehabilitation and other pre-construction activities.

The main object of the projects is to expedite the improvement of infrastructure in the state of Uttar Pradesh, Odisha and Chhattisgarh, and also to reduce the time and cost of travel for traffic, particularly heavy traffic. They will help uplift the socio-economic condition of of the states. The projects will also increase the employment potential to the local labourers for the project activities.

This month we have reported about several PPP projects in India:

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