MoRTH steers clears Rs. 23,000-cr NH project

    NHAI Roads Projects
    In a bid to speed up 128-km Ring Road project in Pune, the transport ministry has directed Pune Metropolitan Region Development Authority (PMRDA) to acquire at least 80% land for the Rs. 23,000 crore road project as tender cannot be floated unless 80 % of land has been acquired. The project in question will be completed within two years after commencement of civil work. The cost of land acquisition will be around Rs 13,000 crore and construction cost will be around Rs 10,000 crore. Among others, the state government had decided to take up Ring Road project, which connects 6 national highways passing through the metropolitan region of Pune. These highways are Mumbai-Pune (NH-48), Pune-Nashik (NH-60), Pune-Ahmednagar (NH-753F), Pune-Solapur (NH-65), Pune-Saswad-Palkhi Marg (NH-965) and Pune-Bangalore (NH-48).
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