JICA funds two national highways projects in the northeast


New Delhi

The Japan International Cooperation Agency (JICA) has pledged an ODA loan, a fund of 96,457 million JPY (yen) in two installments for the widening and modernization to 2 lanes with paved shoulder and geometric improvements of two national road projects in the northeast. This was informed by the Minister of State for Road Transport and Highways, Shri Pon. Radhakrishnan in a written response to a question in Lok Sabha today.

These projects are NH-54 from Km 8.00 to Km 380.00 in the state of Mizoram and NH-51 Km. 85.00 to 95.00 and Km. 101.00 to 145.00 in the state of Meghalaya.

The interest rates on the loan for construction works and the purchase of goods and services are 1.4% per annum and for consulting services 0.01%. Repayment of the “principal” will be made 20 years after the 10-year disbursement period.

The government has undertaken various road improvement projects under the Special Accelerated Road Development Program for the North East (SARDP-NE) for better connectivity throughout the region. In order to speed up road construction in the region, the government created the National Highways & Infrastructure Development Corporation Limited to increase the capacity of agencies involved in the development and maintenance of NH in the region. In addition, the ministry has adopted the Engineering, Procurement and Construction (EPC) mode of contract for major NH works in the region, in which contractors are required to complete the works within a deadline and a fixed costs.

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