The Indian Government has said that it has approved Rs 1,575.38-crore highway project in Odisha under its flagship highways building programme NHDP, media reported.
As per reports, the project was approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi.
Commenting on the issue, a Government Official told the media, "The CCEA has approved the development of four-laning of Cuttack-Angul Section of National Highway NH-42 in Odisha. The total cost (of the project) is Rs 1575.38 crore."
"This will be done under National Highways Development Project (NHDP) Phase III in BOT (Toll) mode on design, build, finance, operate and transfer (BOT/DBFOT) basis," he added.
As per reports, the main object of the project is to expedite the improvement of infrastructure in Odisha and reduce time and cost of travel for traffic, particularly heavy traffic, plying between Cuttack-Angul section of NH-42.