Don’t miss the latest developments in business and finance.

Nagina-Kashipur section of NH-74 to have four lanes

The work will be under the National Highways Development Project Phase-IV and will be built at a cost of Rs 2,535.54 cr

Image via Shutterstock
<a href="http://thumb7.shutterstock.com/display_pic_with_logo/1585109/176651195/stock-photo-open-road-in-countryside-of-india-176651195.jpg>Image</a> via Shutterstock
BS Reporters New Delhi
Last Updated : Jan 06 2016 | 3:15 PM IST
The Cabinet Committee on Economic Affairs (CCEA) today approved development of the four laning of the Nagina-Kashipur section of National Highway–74 in Uttarakhand and Uttar Pradesh at a cost of Rs 2,535.54 crore.  

This work will be under the National Highways Development Project (NHDP) Phase-IV. The approval is in Engineering, Procurement and Construction (EPC) basis. The project is covered in the region of Nagina and Kashipur in Uttarkhand and Uttar Pradesh. 

The cost includes cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The total length of the road will be approximately 99 kms. 

"The main objective of the project is to facilitate the improvement of infrastructure in Uttarakhand and Uttar Pradesh. It will also help in reducing the time and cost of travel for traffic, particularly heavy traffic, plying on the Nagina-Kashipursector. The development of this stretch will also help in uplift of the socio-economic conditions of the concerned regions of the two states and would also increase employment potential for local labourers for project activities," said a press release issued after the CCEA meeting. 

More From This Section

First Published: Jan 06 2016 | 2:00 PM IST

Next Story