Visakhapatnam firm to construct Bihar expressway

Patna, July 27 : A Visakhapatnam-based firm will construct the 21.5 km Ganga Expressway in Bihar at an estimated cost of Rs.2,234.46 crore (Rs.22.34 billion), an official said Saturday.

Navayuga Engineering Company Ltd will construct the expressway, which will be thrown open to traffic in 2017.

"The state government awarded the contract to Navayuga Engineering Company Ltd as its quoted price was lowest among the seven bidders," said Pratyay Amrit, road construction department secretary.

"Work on the project will commence in October," he added.

The state government approved the project in August 2012. It will stretch from Deedarganj to Digha Ghat in the state capital.

HUDCO will loan Rs.2,000 crore (Rs.20 billion) to the Bihar government for constructing the expressway, an official of the chief minister's office said.

Last year, the state government failed to attract private investors for the project on a public-private-partnership. Early this year, it decided to give the project to a government agency, an official said.

The government also cleared the decks to acquire over 200 hectares of land for the project, the official said.

In the first phase, the expressway will connect Digha and Didarganj, a stretch of 21 km, and in the second phase, it will go 18 km further to Fatuha. About seven kilometres will be elevated.

A road construction department official said Bihar State Road Construction Corporation will execute and monitor the project.

--IANS (Posted on 27-07-2013)

business-india-news headlines

TCS, Twitter launch app to track Indian Elections

India's software market grew at 10pc in 2013: Research

Anand Mahindra, Banmali Agrawala, Ellen Lord named USIBC directors

Sigvaris appoints NovoMed as distributor in India

AGP launches talent division

Hotel Sahara Star honoured with award

eBay, CAIT partner to benefit Indian traders

Wipro ups IT revenue forecast for first quarter

Germany's SCHOTT cleared of anti-competition charges

Wipro net up 41 percent in Q4

Sensex up 352 points; IT, bank stocks gain

100 companies to take part in India Show in Hong Kong

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top