The much sought after Ring Road Project has been taken up by the National Highway Authority of India (NHAI). The 47-km Ring Road will connect Ajmer Road to Agra Road. The Ring Road Project will envisage 18 underpasses and two railway overbridges.
JDA and NHAI joined hands for the project and inked a memorandum of understanding (MoU) for the same. A spending of Rs 1275 crore has been estimated for the project which will be completed in 15 minutes.
What does PWD minister have to say?
PWD minister Yunus Khan also expressed immense optimism about the project. Khan was present at the Mou signing ceremony.
As per the agreement, NHAI will provide Rs 350 crore to JDA in 10 years. “NHAI would provide Rs 35 crore to JDA every year. It would also provide 8% interest to the authority. The JDA will receive a total amount of Rs 515 crore,” said the official.
“The NHAI will maintain the road after completion and will collect toll charges to compensate for its investment. This road will be declared as a national highway.” added the official.
NHAI to invite bidders
Post inking and signing of the MoU, the NHAI invited solicited requests or proposals for construction of Ring Road project on Friday. The bidding process will take approximately 45 days. Post opening the bid, about a month would be required to issue work orders, a source close to the development said.
It was said, JDA would also soon take possession of the remaining land of 29 hectares for the project. “Remaining land would be provided once the construction is started,” said the official.
“The work done in two phases the first will be laying of six lanes concrete road costing around Rs 960 crore, while three flyovers will be constructed in the second phase at an additional cost of Rs 230 crore,” added official.