Road Upgradition_ProjectsMonitor

Gurgaon-Kotputli-Jaipur road upgradation and widening project on NH 8 is facing both cost and time overrun. 225.6 km stretch on NH 8 in the states of Haryana and Rajasthan was scheduled to be completed in October 2011 but till date work on the project is going on with completion nowhere in sight. According to latest available information, the project is expected to be completed by September 2014. Further, the cost of the project was originally estimated at Rs. 1896 crore but the project developer has already spent Rs. 2717 crore by the end of December 2013. Delay in the land acquisition, forest clearance and delay in removal of religious and other structures are cited as main reasons for the time overrun.

Gurgaon-Kotputli-Jaipur road upgradation project involves improvement, operation and maintenance including strengthening and widening of the existing four-lane road to six-lane highway with service lane on either side. Pink City Expressway Pvt Ltd (PCEPL) is implementing the project on Build-Operate-Transfer (BOT) toll basis. PCEPL is a Special Purpose Vehicle (SPV) floated by the ETA group of Dubai and the KMC Group of Hyderabad. IKSHU Infrastructure Pvt Ltd was inducted into the joint venture FY14.

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