Revised Financial Proposal of Rs 4279.70 Crore Approved for the Construction of 16 State Highways | 27 Dec 2022

Why In News?

On December 26, 2022, Rajasthan Chief Minister Ashok Gehlot revised Rs 4279.70 crore for the construction of 16 state highways (14 state highways and 02 MDR roads) in order to develop a strong road network in the state. Approved the financial proposal.

Key Points

• Chief Minister Ashok Gehlot said that the state government is developing state highways with external assistance such as financial assistance from the World Bank and Asian Development Bank. In this sequence, financial approval of Rs 2452.36 crore was issued earlier for the construction of 16 state highways under Asian Development Bank Trench-I, which has now been revised to Rs 4279.70 crore.
• He informed that Rs 2300.40 crore has been spent on the said works so far. Out of this, 4 roads have been constructed through Engineering-Procurement-Construction Mode (EPC) and 12 roads have been constructed on annuity basis, in which 100 percent amount is paid for EPC works and 50 percent amount for annuity based works during construction work.
• It is worth mentioning that for the development of state highways, a PPP section has been constituted under the Public Works Department, through which development works of state highways are being done on PPP/EPC mode. Till now 3577 kms. The development works of 58 state highways of length have been approved, whose approved cost is Rs 11604 crore.
• Out of 58 state highways sanctioned in the state, construction of 24 state highways has been completed so far, work on 14 roads is in progress, contracts for 5 roads have been finalized, LOA of 7 roads has been completed. ongoing/under process and tender for 8 roads is under process.