Government plans eight expressway projects in investor-friendly



News
The government plans to build about 1,000 km of concrete cement expressways, 6-lane or above , under the National Highway Development Programme Phase VI for which under World Bank guidance are working on a Model Concession Agreement(MCA) for new contracts for building 8 expressways.

With this investor-friendly clauses government wants to bring private sector interest back and makes the design-build-operate-transfer projects attractive to investors.

Under this model, toll rates are more dynamic when compared to current situation and the concession period will be for 30 years. Apart from this, contractors will also get an option to explore commercial utilization of the stretches that they develop.
The expressways that got approved for development are

  • Delhi-Chandigarh (249 km),
  • Bengaluru-Chennai (334 km),
  • Delhi-Jaipur (261 km),
  • Delhi-Meerut (66 km),
  • Kolkata-Dhanbad (277 km) on NH-2,
  • Delhi-Agra (200 km),
  • Vadodara-Mumbai (400 km)
  • The Eastern Peripheral Highway
    outside Delhi

The projects will be prioritized basing on intensity of traffic and commercial potentiality

 

Source : ET

 


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