Shimla: The Himachal cabinet at its meet in Dharamshala today approved upgradation of three road projects worth Rs 431.13 crore that are to be funded through a World Bank project which was approved late last year.
Contract for upgrading the 81 kilometer Theog-Kotkhai-Hatkoti-Rohru road in Shimla district was awarded to a Chinese construction firm, a cabinet spokesman said.
The other road projects a 45 kilometer stretch of Una-Barsar road bundled with the 46 kilometer Barsar-Jahu road was awarded to an Indian firm.
The Mehtpur-Una-Amb road already stand awarded for a sum of Rs 126.50 crore and involves a length of 45 Kms, he added
These projects are a part of the Phase I of the core road network improvement component of the World Bank funded HP State Road project.
Total cost of Himachal Pradesh State Road project is estimated to be $ 303.43 million (Rs 1365.435 crores) with the World Bank loan amounting to $ 220 million (Rs 990 crores).
The state government would have to meet the balance amount of $ 83.43 million (Rs 375.435 crores).
With Himachal being a special category state, 90% of the loan amounting to $ 220 million will be made available to the state on a grant basis by the central government and the remaining 10 % as loan.