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Government nods clearance for 8 Highway projects

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The government on Friday gave its approval for clearance of 8 highway projects worth 6000 crores.The total length of the project is about 350 kms.

Government nods clearance for 8 Highway projects

Key features of the project

  • 2 Project has to be based on Hybrid-annuity model and remaining six under EPC method
  • The major benefiters of the highway project are Maharastra, Madhya Pradesh, Punjab ,Rajasthan and Himachal Pradesh
  • The project does not require cabinet approval as the highway ministry can sanction itself for projects less than 1000 crores
  • Under Hybrid annuity model, 40% will be sanctioned by the government in initial stages and balance 60% as installments

Points to note

  • Urban development minister- Nitin Gadkari
  • Total road projects sanctioned this year for 10000kms
  • Government has planned to increase highway length from 96000km to 200000 kms

Keys

  • Minister of Road Transport and Highways – Nitin Gadkari