CCEA clears expansion of highway projects

Q: The Cabinet Committee on Economic Affairs on 2nd of December 2014 approved the four-laning of three national highway sections Lucknow to Sultanpur, Nagina to Kashipur and Singhara to Binjabahal.

Harmeet Kaur,

3rd December 2014

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expansion of highway projects

the cabinet committee on economic affairs

nh-74

nh-6

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Replies (5)

Yes Kaushik,
An that time The Ministry told that HDFC Bank had ask approval for maintaining the permitted foreign holding in the bank up to 74% of the total paid up capital, out of which the FII sub-limit would be 49% and the balance 25% would be foreign direct investment.

Balwinder Singh,

3rd December 2014

Comment

On 28th November 2014, The Finance Ministry has cleared 15 FDI applications, including that of Panacea Biotech and Sanofi-Synthelabo (India), and recommended HDFC Bank's proposal to march foreign holding to the Cabinet for consideration.
The proposals were cleared by Foreign Investment Promotion Board (FIPB) headed by the Economic Affairs Secretary in its meeting.

Kaushik Bardia,

3rd December 2014

Comment

Hi Kaushik,
The Lucknow to Sultanpur section on the NH-56 in Uttar Pradesh will cost Rs. 1352 crore including the cost of land acquisition and the total length of the road will be 126 kms.
The Nagina to Kashipur section on National Highway 74 between Uttarakhand to Uttar Pradesh will cost Rs. 1471.40 crore for a length of 99 km.
The Singhara to Binjabahal section on National Highway 6 in Odisha will cost Rs 1077.11 crore for the 104 km expanse.

Balwinder Singh,

3rd December 2014

Comment

Hi Balwinder,
The projects will be take away in a build-operate-transfer mode, on a design, build, finance, operate and transfer basis. Do you know that how much it cost to complete the 126 kms road including the cost of land acquisition?

Kaushik Bardia,

3rd December 2014

Comment

Do you know yesterday on 2nd of December'2014, The Cabinet Committee on Economic Affairs on Tuesday approved the four-laning of three national highway sections between Lucknow to Sultanpur, Nagina to Kashipur and Singhara to Binjabahal.

Balwinder Singh,

3rd December 2014

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