Project cost is estimated to be Rs 2535.54 crore
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, has given its approval for development of the four laning of the Nagina-Kashipur section of National Highway - 74 in Uttarakhand and Uttar Pradesh.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 is estimated to be Rs 2535.54 crore including 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-Kashipur sector. The development of this stretch will also help in uplifting the socio-economic conditions of the concerned regions of the two States and would also increase employment potential for local labourers for project activities.
Powered by Capital Market - Live News
