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Uttarakhand crisis presents opportunity for infra and construction firms

Uttarakhand crisis presents opportunity for infra and construction firms
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While the government is still assessing the funding requirement for restoring the basic infrastructure like roads and bridges in the flood-hit Uttarakhand, some reports suggest an upward of Rs 10,000 crore may be needed. This presents copious opportunities for infrastructure and construction companies.

The worst-affected districts of Rudraprayag, Chamoli, Uttarkashi and Pithoragarh may need at least Rs 10,000 crore for reconstruction of damaged roads and bridges, reports indicate.

According to the state government, 147 bridges have been washed away completely in the state. More than 1,300 roads in different locations have suffered extensive damage, blocking connectivity to most of the places in the four districts.

The state government is in the process of assessing the amount and it would send the same to the centre for a comprehensive package. Prime Minister Manmohan Singh had already announced a package of Rs 1,000 crore after making an aerial survey of the affected areas.

The state government has not yet started focusing on local villages in the four districts, which have suffered extensive damages too.

A massive road rehabilitation programme has already been taken up by the Border Road Organization (BRO) in the state. The BRO has already pressed 4,000 men into action at various areas, with bulldozers and other equipment.

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