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The project will be implemented on Hybrid Annuity Mode (HAM), a variant of Public-Private partnership, at a cost of `8,307 crore (Representative image/File)
The Union Cabinet Tuesday approved the construction of a 6-lane 111-km access-controlled ring road, also called Bhubaneswar Bypass, in Odisha. The project will be implemented on Hybrid Annuity Mode (HAM), a variant of Public-Private partnership, at a cost of `8,307 crore.
The 6-lane ring road will start from Tangi and end at Rameshwar on NH-16. It will bypass cities like Khordha, Bhubaneswar and Cuttack, which see heavy traffic.
NH-16 is part of the Golden Quadrilateral project and runs along the eastern coast connecting Kolkata and Chennai. Officials said since the NH passes through congested cities like Cuttack and Bhubaneswar, the ring road project was conceived to divert heavy commercial traffic away from these cities and enhance the efficiency of freight movement.
Dheeraj Mishra is a Principal correspondent with The Indian Express, Business Bureau. He covers India’s two key ministries- Ministry of Railways and Ministry of Road Transport & Highways. He frequently uses the Right to Information (RTI) Act for his stories, which have resulted in many impactful reports. ... Read More
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