ADB infuses Rs. 31,500cr in e-way project
The expressway is expected to reduce the travelling time between the two cities to eight hours from 16 currently. The construction cost for the eight-lane expressway is estimated to be Rs. 30-cr a km involving six lanes of super communication highway and two lanes of service roads, utility shifting, bypass, and other structures, a MSRDC official, who will be involved with the talks with ADB, which generally gives $350 million for each project said. In addition, the Japan International Cooperation Agency (JICA) has also expressed its willingness to provide loan for the proposed expressway.
Published on:
31 July 2016
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