The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has given its approval to the revised cost estimate for the sub-project Udhampur to Ramban Section in J&K, approved by the Expenditure Finance Committee (EFC) for development of four laning of National Highways under National Highways Development Project (NHDP) Phase II.
Approval of the investment/award decision for the sub-project of four laning of Udhampur-Ramban Section of NH-1A (now NH-44) of approximate length of 40.0 kms on EPC mode is at a revised cost estimate of Rs. 2136.97 crore, including cost of land acquisition, R&R and pre-construction activities and Centage Charges.The Committee also has given approval to the revised cost estimate for Ramban to Banihal Section at Rs 2168.66 crore.
This decision will expedite the implementation of six sub-projects in Jammu and Kashmir. Implementation of these projects would provide all-weather connectivity from Jammu to Kashmir valley.
It will also reduce the journey time from Jammu to Srinagar and strategic border areas in the State. Moreover, implementation of the project would result in development of basic infrastructure in the region which would ultimately lead to overall economic development of the region.
