Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Industry / Infrastructure4,000- crore ring road around twin cities of Kolkata, Howrah; discussions underway
BackBack

₹4,000- crore ring road around twin cities of Kolkata, Howrah; discussions underway

The ring road has been proposed to ease the traffic congestion in the two cities, and only commercial vehicles would be allowed on it

The proposal has been discussed with the Finance, Police, Public Works and the Transport departments of the West Bengal government (Mint)Premium
The proposal has been discussed with the Finance, Police, Public Works and the Transport departments of the West Bengal government (Mint)

A new 4,000-crore may soon connect the twin cities of Kolkata and Howrah and ease the traffic congestion between the two cities. According to the news agency, PTI quoted an official, discussions are underway for the new project. The length of the proposed road will be 130 km, Second Vivekananda Bridge Tollway Company (SVBTC) Pvt Ltd CEO Anjan Roy Chowdhury said. 

However, initially, only commercial vehicles will be allowed to operate on the highway. The proposal has been discussed with the Finance, Police, Public Works and Transport departments of the West Bengal government, he added.

"Nearly 40 per cent of the proposed road exists. Another 60 per cent needs to be constructed," Chowdhury said. SVBTC, a technical special purpose vehicle, built the Nivedita Setu on the Hooghly river on BOT (build-operate-transfer) basis.

Over 90% of 4,800 families gave consent for Deocha-Pachami land acquisition

Meanwhile, in another development from West Bengal, over 90 per cent of the around 4,800 families affected by the Deocha-Pachami coal project have given their consent for land acquisition, West Bengal Power Minister Aroop Biswas said on Tuesday.

Exploratory drilling in the area is complete, and the detailed geological report from the Central Mine Planning and Design Institute is expected by May, he said.

"With over 90 per cent consent obtained from about 4,800 families, we are now beginning the process of gathering detailed family and property information through an app developed for the purpose," he said.

This would ensure smooth rehabilitation and resettlement of the affected families living in the area where Asia's largest coal mine would come up, Biswas said.

The government will be spending around 10,000 crore for the rehabilitation and resettlement programme, officials said.

The coal block has an estimated deposit of 2.1 billion ton and has the potential to attract an investment of 35,000 crore, according to the government.

* *With agency inputs

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 15 Mar 2023, 05:46 AM IST
Next Story footLogo
Recommended For You
Infrastructure Stocks
₹18.38-2.39%
₹3,706.11.83%
₹266.251.6%
Switch to the Mint app for fast and personalized news - Get App