Approval of Revised Cost Estimate for sub-project Ramban to Banihal Section in the State of Jammu & Kashmir for development of four laning of National Highways under National Highways Development Project (NHDP) Phase II.
The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, has given its approval to the revised cost estimate for the sub-project Ramban to Banihal Section in the State of Jammu & Kashmir approved by the Expenditure Finance Committee (EFC) for the development four laning of National Highways under National Highways Development Project (NHDP) Phase II on Engineering Procurement Construction (EPC) Mode. Approval of the investment/award decision for the sub-project of four laning of Ramban-Banihal Section of NH-1A (now NH-44) of approximate length of 32.0 kms on EPC mode is at a revised cost estimate of Rs. 2168.66 crore, including the cost of land acquisition, R&R and pre-construction activities and Centage charges.
This decision will expedite the implementation of six sub-projects in Jammu and Kashmir under NHDP Phase-II. Implementation of these projects would provide all-weather connectivity from Jammu to Kashmir valley. It will also reduce the journey time from Jammu to Srinagar and strategic border areas in the State. Moreover, implementation of the project would result in development of basic infrastructure in the region which would ultimately lead to overall economic development of the region.
