1. NHAI awards Rs 1,583 cr Shimla road work to Chetak Enterprises

NHAI awards Rs 1,583 cr Shimla road work to Chetak Enterprises

National Highways Authority of India (NHAI) has awarded the Rs 1,583-crore contract for Shimla bypass project to Chetak Enterprises.

By: | New Delhi | Published: August 26, 2016 9:37 PM
"Both the Employees Provident Fund Organisation (EPFO) and the Life Insurance Corporation (LIC) have in-principle agreed to invest in our bonds. NHAI has raised Rs 5,000 crore by selling bonds to EPFO and rates are being negotiated for further sale," NHAI Chairman Raghav Chandra told PTI. (Reuters) NHAI has issued letter of award for development of “two-laning” of proposed Shimla Bypass (Kaithalighat to Shimla section) of NH 22″ for 27 km to Chetak Enterprises, NHAI said in a statement today. (Reuters)

National Highways Authority of India (NHAI) has awarded the Rs 1,583-crore contract for Shimla bypass project to Chetak Enterprises.

NHAI has issued letter of award for development of “two-laning” of proposed Shimla Bypass (Kaithalighat to Shimla section) of NH 22″ for 27 km to Chetak Enterprises, NHAI said in a statement today.

The NH 22 (now NH 5) is a part of Hindustan Tibet Road and is a major link to Indo-Tibet border.
It connects tourist destination as well as state capital Shimla and vital link for apple transportation from Kinnaur Valley to rest of the country.

“The 27 km long Shimla Bypass shall be executed on Hybrid Annuity mode and completed in 30 months from the date of commencement of the project,” the statement said.

The project will have three tunnels of a total length of about 2 km, nine major bridges out of which one would be a cable stayed bridge, 4 minor bridges and 89 culverts.

It said the project would be developed on a new alignment and not only decongest Shimla city from non-destined traffic but also improve connectivity to Indo-Tibet Border and other tourist places in the region.

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