Cabinet clears NHDP VII

The Cabinet Committee on Economic Affairs on Thursday cleared NHDP VII — a Rs 16,680 crore project (Rs 6,302 crore from Government and Rs 10,378 crore from private sectors) — for construction of several ring roads, bypasses, elevated roads and flyovers around major cities in the country. Out of this, Rs 10,500 crore will be spent on construction of 700 km of ring roads and bypasses. The works of standalone ring roads and bypasses are likely to be awarded by 2011 and completed by 2014.