- ALSO READ
Sikh bodies hold protest march in Phagwara over desecration, demands arrest
Now, motorcycles part of Delhi govt's bus lane enforcement vehicles
3 children crushed to death by train in Rupnagar; Punjab govt orders probe
Experts raise several red flags around section 194R of the Income Tax Act
Student commits suicide at Punjab's university; peers protest on campus
-
Union Minister Nitin Gadkari on Tuesday said the four-lane wide section from Phagwara to Rupnagar on NH-344A is being executed in hybrid annuity mode at a cost of Rs 1,367 crore.
Under the hybrid annuity model, the government provides 40 per cent of the project cost to the developer to begin work and the remaining investment is made by the developer.
The Ministry of Road Transport & Highways in a statement said the 4-Lane wide section from Phagwara to Rupnagar on NH-344A developed by NHAI would give a major boost to the road infra in Punjab.
The section connects major cities Amritsar - Jalandhar - Chandigarh and extends mobility to Kapurthala, Jalandhar, Ludhiana, Ropar, and Mohali.
The alignment will reduce the travel time between Jalandhar and Chandigarh to almost half and provide direct access to Khatkarkalan, which is the ancestral home of Shaheed Bhagat Singh, the minister said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Tue, February 21 2023. 20:13 IST
RECOMMENDED FOR YOU