India approves ₹6,969 crore for four-lane access-controlled highway in Uttar Pradesh
Change
India approved construction of the 101.515 km four-lane access-controlled National Highway-927 from Barabanki to Bahraich in Uttar Pradesh for ₹6,969.04 crore under Hybrid Annuity Mode.
Why it matters
The approval commits central funding and fixes procurement under Hybrid Annuity Mode, creating a procurement and contracting requirement before physical works can start. It also sets aside roughly ₹1,574.85 crore for land acquisition and about ₹3,485.49 crore for civil works, obliging immediate land-acquisition and clearance activity.
Implications
- • Concessionaires and road contractors bidding under Hybrid Annuity Mode must prepare and submit bids and financial plans that meet HAM procurement terms for National Highway-927.
- • Uttar Pradesh land acquisition and revenue authorities must complete land acquisition, clearances, and resettlement processes using the allocated funds to enable construction to commence.
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