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Construction : Transport Update | December 2015 | Source : CW-India

Highway Ministry approves up to Rs.1,000 cr projects

The Cabinet Committee on Economic Affairs has approved the segregation of construction cost from that of land acquisition, and pre-construction activities for appraisal and approval of National Highways projects. Additionally, the Cabinet has stated that for all National Highway projects with a civil construction cost of up to Rs 1,000 crore, approvals of the Ministry for Road Transport and Highways will be sufficient. Only for projects over Rs 1,000 crore, a Cabinet Committee of Economic Affairs nod will be required.
 
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