Road Ministry gives Nod to 18 Projects

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Road To Safety www.ambitionias.com
  • The road transport and highways ministry on Friday cleared 18 highway projects to be built at an estimated cost of Rs 16,614 crore.
  • Eleven projects of the proposed 18, cleared by the ministry, would be developed through the newly-coined hybrid annuity model, in which the government would pay 40 per cent of the project cost in phases.
  • The awarding of these projects would likely to get the ministry closer to its target of awarding 10,000-km highways for development this fiscal.
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