CCEA approves four-laning of 112-km Cuttack-Angul road in Odisha.

The cabinet committee on economic affairs (CCEA), chaired by the Prime Minister Narendra Modi, has approved the development of four-laning of 'Cuttack-Angul' Section of National Highway NH-42 in Odisha under the National Highways Development Project (NHDP) Phase III in BOT (Toll) mode on Design, Build, Finance, Operate and Transfer (BOT/ DBFOT) basis. The total project cost (TPC) estimated for the project will be around Rs 1,576 crore and the length is 112 Km.

The project aims to expedite the improvement of infrastructure in the state and also in reducing the time and cost of travel for traffic, particularly heavy traffic, plying between 'Cuttack-Angul' section. The maximum grant from the government for Viability Gap Funding (VGF) would be 40% of the TPC.

BS