Kochi | Kerala Public Works Minister V K Ebrahim Kunju today said the government has decided to initiate various mega road projects in all the districts in the state to the tune of Rs 3311 crore.
Informing this at a news conference here, he said that the government had decided to complete these projects in two years, which could be completed only in 25 years, if depended only on Budget allocations, through additional revenue generation.
The major projects in the mega projects would be Pullepadi-Thammanam-NH road ( Rs 300 crore), all in Ernakulam district, and the fly overs at Vytila (Rs 100 crore) and Kundannur (Rs 80 core), he said adding that fifty per cent of the cess imposed on Petrol in the last budget would be utilised for these projects.
Since the budget share to the PWD was a meager amount of Rs 110 crore, administrative sanction for the projects would be given only up to Rs 150 crore, he said the PWD was facing serious financial crunch not to spent fund for various projects and under these circumstances the government had decided to impose Rs one as cess on petrol and diesel price in the budget and the Cabinet had approval to allot fifty per cent of the cess to PWD for implement mega projects.
Claiming that the mega projects would be implemented through annuity-BOT model, Mr Ibrahim Kunju said that the projects would be completed in two years and the expenditure of the projects would be refunded to the construction company in 15 years.
Besides this, the government had also released Rs 279 crore for the construction of 106 km road, he said adding that as a pilot project six roads would be constructed and tender procedures in this regard had already been started and it was expected that the work would begin in six months.
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