NHAI gets 17 bids for ₹8,300 crore Odisha coastal highway project
In a significant development, the National Highways Authority of India has received an overwhelming response for its new coastal highway project, which will stretch 160 kilometers from Rameshwar to Paradeep in Odisha. With ten proposals for Package-I and seven for Package-II, this ₹8,300.79 crore initiative is expected to create a wealth of employment opportunities while facilitating quicker…
The National Highways Authority of India (NHAI) has received 17 bids for the ₹8,300 crore Odisha coastal highway project, which stretches 160 km from Rameshwar to Paradeep. The project, approved by the cabinet in June, will be awarded under the hybrid annuity mode (HAM) and is expected to generate significant employment opportunities during construction.
The 79.4-km-long Package-I, comprising a four-lane, access-controlled highway from Rameshwar to Konark, received 10 bids, while the 80.7-km-long Package-II, a two-lane highway with a paved shoulder from Konark to Paradeep, garnered seven bids. The new highway, with a design speed of 100 km per hour, will provide faster connectivity to key tourist destinations, including the Sri Jagannath Temple, Puri beach, and Konark Sun Temple.
Brief written by urgent.news from The Economic Times - Economy's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
