Financial Daily from THE HINDU group of publications
Sunday, May 05, 2002
Financial Daily from THE HINDU group of publications Sunday, May 05, 2002 |
|
|
|
|
|
Home Page
-
Infrastructure Logistics - Roadways `Quadrilateral project ahead of schedule' Our Bureau
BANGALORE, May 4 THE 5,846-km Golden Quadrilateral (GQ) and the 7,300-km North-South East-West Corridor projects will be completed one year ahead of the schedule, respectively in 2003 and 2006. The Union Minister of State for Road Transport and Highways, Maj. Gen. B.C. Khanduri, said here on Saturday that the Government has finalised Rs 5,500 crore worth of contracts under the National Highway Development Project. It initially planned to award projects worth Rs 4,000 crore to the private sector. He was speaking after laying the foundation stone for the six-laning of two segments of the Hyderabad-Bangalore NH7 along the 4,000-km NS (NS alone is 4000 km)corridor. One thousand km of four-laning under GQ has been completed. Of the total cost of Rs 54,000 crore estimated for the corridor and the quadrilateral, the GQ linking the metros is estimated to cost Rs 25,055 crore. An amount of Rs 20,000 crore comes from the World Bank, ADB and the Japan International Bank; another Rs 20,000 crore by way of cess on petrol and diesel; and Rs 10,000 crore from bonds and borrowings to be raised by NHAI; and Rs 4,000 crore from the private sector. The total road network in the country is 33-lakh km. The NHDP will add 13,000 km of world-class four and six-lane national highways to the existing NH network of 58,000 km. Each km of the 13,000-odd NHDP, he said, needs 1,700 tonnes of cement and 100 tonnes of steel and creates 20-crore mandays which will give a big boost to the construction sector. Maj Gen. Khanduri said Karnataka would be the fourth largest beneficiary under the GQ and have 748 km of NH projects worth Rs 3,600 crore.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|