State adopts Hybrid Annuity Model for big road projects
2
Patna: Road projects, including the expansion of the JP Ganga Path in Patna and new roads along the river in Munger and Bhagalpur, will now be constructed using the Hybrid Annuity Model (HAM), said road construction minister Nitin Nabin on Tuesday.
"The first step towards constructing international-standard roads on the lines of the central govt's HAM has been taken with the contract award for the at grade and elevated road along Ganga from Digha to Koilwar. Now, the construction of a four-lane at grade road and a four-lane elevated road along Ganga from Safiyabad to Bariarpur Ghorghat in Munger and from Sultanganj to Sabour via Bhagalpur will also be undertaken under this model," he said at a press conference.
He added that this project will be implemented in two sections. "The first section, from Safiyabad to Bariarpur Ghorghat in Munger, will be 42-km long with 12.72km elevated road, featuring two toll plazas, 16 ghats and a rest area spanning approximately 5000sqm.
The second section, from Sultanganj to Sabour, will be 40.8-km long, including 26.05km at grade road and 14.76km elevated. One toll plaza will be constructed in this section, while the project will include upgrade of seven ghats, a rest area of approximately 2000sqm and two spurs.
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The minister said that the adoption of the HAM was announced during the Bihar Legislative Assembly session. "This method primarily involves a deferred payment system. The HAM-based projects have a construction period of four years, and the contractor is responsible for their maintenance for the next 15 years. During the four-year construction period, the govt will pay only 40% of the total project cost to the contractor, with the remaining 60% invested by the contractor," he said.
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Nabin lays stone for 2 roads in Kadamkuan
Road construction minister Nitin Nabin on Tuesday laid the foundation stone for two road projects in Kadamkuan's ward 36 and 38 in Patna. He said that both the roads in Bankipur assembly constituency will be constructed by Buidco under the chief minister's Urban Integrated Development Scheme. Buidco has also been entrusted with the responsibility of constructing underground drains along with the roads.
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