Srinagar, May 5: A team of the Asian Development Bank (ADB) Mission on Thursday said it would assess feasibility of construction of new flyovers at Jehangir Chowk here and Bikram Chowk in Jammu respectively after consulting various stakeholders. 
 An official statement during a meeting with Economic Reconstruction Agency (ERA) led by B.B Vyas, Principal Secretary to the Chief Minister and Chief Executive Officer, ERA, the ADB Mission was apprised about the importance and requirement of these flyovers, especially in view of the increasing traffic congestion problem being faced in the two capital cities.
 ADB Mission was informed that the concept plan of the flyovers has been vetted by RITES and the design of the flyovers has been approved by IIT Roorkee.
 Pertinently the Chief Minister Omar Abdullah in the meeting held yesterday at New Delhi with M/s RITES, has asked them to prepare the Comprehensive Mobility Plan’ for both Jammu and Srinagar city at the earliest.
 The flyovers at Jehangir Chowk and Bikram Chowk are proposed to be taken under Tranche-2 of Loan-II J&K Urban Sector Infrastructure Development Program (JKUSDIP) being executed by J&K ERA. Parking lots are also proposed to be taken up in Srinagar city under the project.
 Earlier the ADB Mission visited Jammu and held meetings with various stake-holders. The team arrived today at Srinagar and reviewed the progress of various sub-projects being executed by ERA. ADB Mission appreciated the progress achieved on the sub-projects despite the loss of the crucial working season in the valley last summer. ADB team visited Achan Landfill Site, Harwan to Nishat raw water conduit and other sub-projects being executed by ERA.
 Among others, the meeting was attended by Chief Secretary, Principal and Secretary Planning
 ERA is presently executing sub-projects under two loans namely Loan-I (Multi-Sector Project for Infrastructure Rehabilitation – MPIR) and Loan-II JKUSDIP funded by ADB. Total size of Loan-I is Rs 1611 crore out of which ERA has achieved the expenditure target of Rs 1170 crore ending April, 2011.  At the request of the State Government, ADB has extended the loan closing date for Loan-I till December, 2011. Total size of Tranche-1 of Loan-II is Rs 292 crore with a loan closing date of October, 2012.

Lastupdate on : Thu, 5 May 2011 21:30:00 Makkah time
Lastupdate on : Thu, 5 May 2011 18:30:00 GMT
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