CCEA pushes Rs. 2,775-cr project in HP

Centre mulls IIFCL, IFCI merger
Adding to the road infrastructure of the hill state, the Cabinet Committee on Economic Affairs (CCEA) has recently approved the development of four-laning of the road project on NH-21 starting from Pandoh Bypass to Takoli section of the highway in Himachal Pradesh. The highway stretch of about 19-km is estimated to cost Rs.2,775.93 crore, including expenses for land acquisition, resettlement and rehabilitation, and other pre-construction activities. The project in question will be executed under National Highways Development Project phase IV-B on hybrid annuity mode. In a related development the Union Cabinet also approved a proposal to transfer 4.64 hectares of land belonging to the Indian Institute of Soil & Water Conservation Research Centre at Vasad in Gujarat’s Anand district to NHAI. The Institute will be paid a compensation of Rs.12.67 crore and the land is being acquired for the extension into six-laning of the Ahmedabad-Vadodara NH-8, said official sources.