New Delhi, Nov.26 (ANI): The Cabinet Committee on Infrastructure on Friday approved the implementation of a project for the two-laning with/without paved shoulders of the 178.060 km long Tindivanam - Krishnagiri Section of NH-66 from Km 38.150 to Km 216.210 under NHDP-III in the state of Tamil Nadu on Design, Build, Finance, Operate and Transfer (DBFOT) basis in BOT (Annuity) mode of delivery.
The estimated total project cost of the sub project is Rs.610.21 crore under DBFOT pattern on BOT (Annuity) mode of delivery.
The concession period is for 15 years including a construction period of two years, thus allowing 26 semi-annual annuities to be paid to the concessionaire from the date of commissioning of operations.
The project road passes through Villupuram, Tiruvannamalai and Krishnagiri districts of Tamil Nadu.
The main objective of the project is improvement of infrastructure in the state of Tamil Nadu and to increase the capacity of the sections of the National Highways.
The temple at Tiruvannamalai is a famous pilgrimage centre, which falls on this stretch. It will also increase the employment potential to the local labourers for the project activities. (ANI)