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Project Under Gujarat Core Act Achieves Fund Closure

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BUSINESS STANDARD
Last Updated : Jan 28 2013 | 12:54 AM IST

The first road project to be implemented under Gujarat Infrastructure Development Act, 1999 and also the first project of Gujarat State Road Development Corporation, the Chhayapuri Rail-Over-Bridge project, has finally achieved financial closure.

The project was delayed after locals demanded exemption from paying toll or any road-users fees. But now taking shelter of the Act, the government has decided to go ahead without any further delay in completion of the project.

Interestingly, though during the Keshubhai Patel regime, the GID Act was passed but so far, the Act was never been implemented in the roads sector.

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Chhayapuri ROC is going to be the first such project covered under the GID Act, 1999.

Sunil Sud, chief executive officer of GIDB said,

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First Published: Jun 03 2002 | 12:00 AM IST

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