New Delhi/Guwahati, April 4 -- State-owned NHAI will develop a 121-km-long Guwahati Ring Road on build-operate-toll mode at a total cost of Rs 5,729 crore, an official statement said on Thursday. The statement further said the concession period of the contract is 30 years, including the construction period of four years.
"Providing impetus to the project, the state government of Assam will bear 50 per cent of land cost, provide exemption from royalty on aggregates and state portion of GST contributing about Rs 1,270 crore," it said, adding that thus, the gross project cost is about Rs 7,000 crore.
The Guwahati Ring Road project will have three sections which include 56 km long four-lane Access-Controlled Northern Guwahati Bypass, widening...