The cost is estimated to be Rs.2028.91 crore including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The total length of the road to be developed is approximately 87 kms.
This work will be done under the National Highways Development Project (NHDP) Phase-IV on Design, Build, Finance, Operate and Transfer (BOT/DBFOT) basis in Build-operate-Transfer (BOT) (Toll) mode.
The project will help in expediting the improvement of infrastructure in Maharashtra and in reducing the time and cost of travel for traffic, particularly heavy traffic, plying between Aurangabad and Telwandi. The development of this stretch will also help in uplifting the socio-economic condition of this region in the State.
It would also increase employment potential for local labourers for project activities. It has been estimated that a total number of 4,076 mandays are required for construction of one kilometre of highway. As such, employment potential of 3,54,090 (approx.) mandays will be generated locally during the construction period of this stretch.
Powered by Capital Market - Live News