The government is very optimistic about awarding four expressway assignments to the correct builders. According to the sources at www.propertykhazana.com, it will extend up to approx 1,500 km, by the end of this year. The ministry of transport in the year November 2006 went ahead and set up four Expressways namely the Mumbai-Vadodara, Chennai-Bangalore, Meerut-New Delhi and Dhanbad-Kolkata---which will be approx, coming to 1,500 Kms which is set up under the guidance of National Highways Development Project (NHDP).
Speaking to the sources at www.propertykhazana.com, Transport Secretary said, “The projects will be awarded in the month of
December”. The rules and regulations for floating the tenders for these assignments are done to encourage huge participation by the domestic firms. Along with that, these firms will have to work hand in glove with the foreign players to eye bigger projects. Furthermore the rules and policies for bidding is easier for domestic and foreign companies”.
Furthermore, he did not give any information about the Terms and conditions. The ministry has gone ahead and introduced 10 to 15 big highway projects of approx 4,200 Km which needs to be introduced through the public-private partnerships. The ministry is concentrating on various ways to improve and develop the real estate segment along with 18,100 km of the highways which it is going to build. The government formulated nationwide network. The final plan which has been given for the extension by expert to predict the cost at approx INR 19 Crores per kilometers for a four-lane assignment and INR 26 Crores per kilometer for six lane projects. For more information on this update, please visit the website www.propertykhazana.com.
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