The Rs 2,686 crore Jabalpur-Bhopal road widening project in Madhya Pradesh received the approval of the Cabinet Committee for Economic Affairs recently.
The 294-km road project would be taken up on a build-operate-transfer – (BOT-toll) basis. This means the project developer will invest in widening the road and collect toll revenues over the concession period.
This is one of the four road widening projects involving a total of 471 km of highways and cumulatively worth Rs 4,618 crore cleared by the committee recently.
The other three projects are Demow-Bogibil, Jorhat-Demow and Numaligarh-Jorhat. The three projects will be taken up on BOT (annuity) basis, which means the road developer will invest in developing the project, and get two annual payments from the government over the entire concession period. Toll revenues will be collected by Government.
Leave a Reply
You must be logged in to post a comment.