CCI has also raised the ceiling of 4,000 km of four-laning under the National Highways Development Project phase-IV to 8,000 km on a build, operate and transfer (BOT-toll) mode.
World Bank customarily withdraws fund for a project that has not been built in seven years.
The Umbrella SSA is a single agreement that entitles the state government to support and facilitate the Centre in land acquisition, law and order and security in every highway project across the state.
The cost overruns were because of rise in prices of construction materials, delay in land acquisition, utility shifting and obtaining clearances from forest/environment, he said during Question Hour. Poor performance of some contractors and law and order problems in some states were some other reasons.
The projects are to be given out on design, build operate, finance and transfer basis and are part of third phase of the National Highways Development Project, the government's programme to develop road infrastructure across the country.
The Planning Commission on Monday lowered the target for construction of roads under the NHDP scheme to 2,500 km for the current fiscal from 3,165 km in the previous year, which was not met by the road ministry.
"Three projects under the GQ are still to be awarded. The National Highways Authority of India plans awarding the same under the National Highways Development Project phase V," highways regulator sources said. The GQl that falls under NHDP phase I aims to provide direct connectivity between the four metros. Road and Highways Minister T R Baalu said, "Out of 5,846 km of the GQ, 5,713 km has been completed and balance 133 is under implementation."
The transport mnistry had in November 2006 proposed the four Expressways -- Vadodara-Mumbai, Bangalore-Chennai, New Delhi-Meerut and Kolkata-Dhanbad.
Consumers are having to pay more for transportation as petrol and diesel became costlier by about Rs 1.50 per litre
The government has decided to raise the viability gap funding (VGF) for certain projects under the fifth phase of the National Highway Development Project (NHDP V), owing to poor response to the first few projects put up for bids in December last year.
With India joining the project, it would be called TAPI (Turkmenistan-Afghanistan-Pakistan-India) pipeline.
The Ministry of Surface Transport and Highways will set up a road safety fund with an initial corpus of Rs 120 crore (Rs 1.20 billion).
The 43 km stretch of the expressway is a part of the ambitious National Highways Development Project.
The government has earmarked Rs 98,000 crore (Rs 980 billion) for upgradation of national highways within 5-6 years, Minister for Road Transport and Highways B C Khanduri said on Saturday.
The government has launched another ambitious Rs 40,000 crore project to connect all major cities, not covered by NHDP, by four-lane highways.
The first phase of the prime minister's ambitious Rs 58,000 crore (Rs 580 billion) National Highway Development Project, connecting four metros with four/six lane roads.
The government on Thursday postponed by one year the target date for completion of the first phase of the prime minister's ambitious Rs 58,000-crore National Highway Development Project.\n\n\n\n
In the blistering heat of northern India, cars and trucks speed along the smooth, four-lane, black-topped highway from New Delhi to Jaipur.\n\n\n\n
Projects would be bid out shortly while work on them would start after acquisition of 90 per cent land
Nearly 240 projects were under various stages of implementation.
Can welfare schemes truly transform from being flagship to flag-bearers for a government that is looking to get a second term in 2019?
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
Indian Railways has to up investment to strengthen network just like China and Russia.
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