India’s Cabinet Committee on Economic Affairs (CCEA) has given the go-ahead to a INR19.6bn ($292M) highway project in the country.
The project will involve the construction of a new link between the Sahibganj bypass in Jharkhand to the Manihari bypass in Bihar, including a four-lane bridge on the Ganga river. The new road will be about 22km long.
The road will help to reduce the time and cost of travel for traffic, and will also boost employment potential for local labourers.
The project will have a concession period of 19 years and a construction period of four years. The cost of the project includes cost of land acquisition, resettlement and rehabilitation as well as other pre-construction activities.