New Delhi, Jan 15 :
The government today approved a Rs 761 crore road project in Odisha under its flagship National Highways Development Project.
“The Cabinet Committee on Economic Affairs (CCEA) has given its approval for a four-laning with paved shoulders of Jharpokharia-Baripada-
The cost of the 80.6 km project is estimated at Rs 760.73 crore, including land acquisition, resettlement and rehabilitation and pre-construction activities.
According to the CCEA, the 80.6 km project will be developed under build, operate and transfer (BOT-Annuity) in design, build, finance, operate and transfer (DBFOT) pattern.
“The project will expedite improvement of infrastructure in Odisha and also reduce the time and cost of travel for traffic, particularly heavy traffic, plying between Jharpokharia-Baripada-Baleshwar,” the CCEA said in statement.
This road stretch is intercepted by two major National Highways, namely NH-6 (Kolkata-Mumbai route) at the starting point and NH-60 towards Kolkata at the end point.
It will also help in uplifting the socio-economic condition of this region, the statement said, adding that it will also generate employment for local labourers when the project takes shape.
( With inputs from IANS)