Bihar will soon start developing three road projects along the Ganga river on a hybrid annuity model (HAM) for an estimated cost of Rs 17,000 crore to boost economic activities and tourism, the state’s Road Minister Nitin Nabin has said.
The three projects to be implemented under HAM are Digha-Sherpur-Bihta-Koilwar (35.65 km), Munger (Safiabad)- Bariyarpur-Ghorghat-Sultanganj (42 km), and Sultanganj-Bhagalpur-Sabour (41.33 km).
Under the HAM, the government funds about 40 per cent of the project cost, while the private developer funds the remaining 60 per cent and operates the road for a concession period, receiving annuity payments from the government.
The Sultanganj-Bhagalpur Gangapath project will be developed at an estimated cost of Rs 4,849.83 crore, and the Munger-Sultanganj Gangapath at Rs 5,119.80 crore.
The Digha-Sherpur-Bihta-Koilwar project will be built at an estimated cost of Rs 6,495.79 crore.
These roads would not only provide connectivity but also attract touristsBihar will soon start developing three road projects along the Ganga river on a hybrid annuity model (HAM) for an estimated cost of Rs 17,000 crore to boost economic activities and tourism, the state’s Road Minister Nitin Nabin has said.
The three projects to be implemented under HAM are Digha-Sherpur-Bihta-Koilwar (35.65 km), Munger (Safiabad)- Bariyarpur-Ghorghat-Sultanganj (42 km), and Sultanganj-Bhagalpur-Sabour (41.33 km).
Under the HAM, the government funds about 40 per cent of the project cost, while the private developer funds the remaining 60 per cent and operates the road for a concession period, receiving annuity payments from the government.
The Sultanganj-Bhagalpur Gangapath project will be developed at an estimated cost of Rs 4,849.83 crore, and the Munger-Sultanganj Gangapath at Rs 5,119.80 crore.
The Digha-Sherpur-Bihta-Koilwar project will be built at an estimated cost of Rs 6,495.79 crore.
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