THE MINISTER OF STATE IN THE MINISTRY OF ROAD TRANSPORT AND HIGHWAYS (SHRI R.P.N. SINGH)
(a): The Government has targeted 35 number of single/intermediate/two lane roads covering
a length of 4596 km for two laning with paved shoulder under National Highway Development
Project, Phase-IVA.
(b): The amount of funds likely to be spent was estimated as Rs.6950 crore at the time of
its approval in 2008. Based on current prices (2010), the same has been estimated as
Rs.13,500 crore (approx).
(c): Yes, Sir.
(d): Out of the total estimated requirement of funds of Rs.13,500 crore (approx.), the
private sector is likely to mobilize a fund of Rs.9000 crore (approx.) and the amount likely
to be spent by the Government is Rs.4500 crore (approx.).
(e) & (f): The Government would be monitoring the quality of construction through an
Independent Consultant, to be appointed under the provisions of the concession agreements,
who will be responsible for all required quality checks during construction as well as
operation and maintenance period. Under Build Operate and Transfer (BoT) mode, the main
cost of construction, operation and maintenance is to be borne by the private sector and
Government will provide the viability gap funding. All project execution expenses will be
maintained through an Escrow Agreement. Escrow Account is monitored by lenders, Concessionaire
and the Government under the provisions of Escrow Agreement. The other cost to the Government
towards pre-construction activities would be monitored by the Government from time to time.