Tata Steel to spend Rs 800 cr on flyovers in Jamshedpur

Written by fe Bureau | Jamshedpur | Updated: Feb 24 2011, 05:45am hrs
Tata Steel, which holds the lease for a major part of Jamshedpur, plans to invest about Rs 800 crore to construct three flyovers.

Talking to the media here on Wednesday, senior BJP leader and Jamshedpur East MLA Raghubar Das, said, I wanted to know whether the promise made by Tata Steel on January 1 about the flyovers would remain only on paper or would actually be executed as we are all very worried about the traffic situation here."

According to Das, who met Tata Steel managing director HM Nerurkar and vice-president (corporate services) Sanjiv Paul on Tuesday, the Tata Steel managing director has instructed Paul to prepare the detailed project report (DPR) on the flyovers by March 15, 2011, which would be followed by a decision in the first week of April on further action to be taken on the project.

The Tata Steel board is said to have already approved Rs 800 crore for the flyover project, which is being estimated to cost between Rs 1,200 crore and Rs 1,300 crore.

Tata Steel is likely to seek help from the Jharkhand government for the flyover project which is to be a built on a build, operate & transfer (BOT) basis, with toll to be collected from heavy vehicles.

Hopefully by April-May (2011) work on the project will begin," said Das, who had been deputy chief minister in the last JMM-led government.