Japan to fund highway projects worth Rs 5,652 cr

Jan 11 2013, 02:02 IST
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SummaryIn a bid to provide smooth connectivity to Gaya/Bodhgaya, Rajgir and Nalanda — both from Patna, and, in turn, connecting the East-West corridor and Golden Quadrilateral — the Cabinet Committee on Economic Affairs on Thursday approved two highway projects for widening of roads in Bihar, Jharkhand and Orissa at an expenditure of R5,652.03 crore.

In a bid to provide smooth connectivity to Gaya/Bodhgaya, Rajgir and Nalanda — both from Patna, and, in turn, connecting the East-West corridor and Golden Quadrilateral — the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved two highway projects for widening of roads in Bihar, Jharkhand and Orissa at an expenditure of R5,652.03 crore.

The project is a part of Japan's infrastructure investment in India.

The approval included a R2,015.60-crore scheme for widening of the Patna-Gaya-Dobhi section in Bihar and a R3,636.43-crore project for the Baharagora-Sambalpur stretch in Orissa and Jharkhand, an official statement said.

“The four-laning of the Patna-Gaya-Dobhi section on NH-83 in Bihar is done with loan assistance from Japan International Cooperation Agency (JICA),” the statement said about the Bihar project.

It said the widening of the 127-km stretch, a part of the Buddhist Circuit, which also serves as link road for the proposed world-class international Nalanda University at Rajgir, entails a total capital cost of R2,015.60 crore, including cost of civil construction, supervision works, land acquisition, rehabilitation and pre-construction activities.

The Japanese government is ready to fund the project that takes off from NH-30 at Patna and ends at junction of NH-83 and NH-2 (Golden Quadrilateral) at Dobhi through JICA loan. It will be completed within three years of the signing of agreement. JICA has already agreed to provide loan assistance with 100% financing for civil construction and supervision work for the implementation of four laning of the Patna-Gaya-Dobhi Project.

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