The Cabinet Committee on Economic Affairs on Thursday approved a nearly Rs 1,955-crore road project to link Jharkhand and Bihar.
According to the Ministry of Road Transport and Highways, the 22-km road link will be constructed under the National Highways (Others) on Hybrid Annuity Mode.
The concession period of the project is 19 years, including a construction period of four years.
The estimated project cost of Rs 1,954.77 crore includes cost of land acquisition, resettlement and rehabilitation and other pre-construction activities.
The project includes a four-lane bridge on the Ganga river. This will help in expediting the improvement of infrastructure in Bihar and Jharkhand and also in reducing the time and cost of travel, particularly heavy traffic, in the area between the two states.