JAMMU, JUNE 8:  The much hyped Flyover from Bikram Chowk to Woman College Gandhi Nagar proposed to decongest the jarring traffic rush in the area is likely to become a reality soon as Asian Development Bank (ADB) has agreed to fund the project.
 When completed the Flyover is said to greatly help in overcoming the increasing traffic problem and smooth regulation of vehicular movement   in Jammu city.
 Authoritative sources told Greater Kashmir that Asian Development Bank (ADB) has cleared the project which is estimated to cost Rs 95 Cr. They said that the ADB Mission during its visit to Jammu some months back had scrutinized the structural design of the 1.3 Km long Flyover project and finally cleared it for funding.  The project is being taken under Tranche-2 of Loan-II Jammu and Kashmir Urban Sector Infrastructure Development Program (JKUSDIP).
 Sources said that soon funds for the project would be allocated by ADB for its execution by Jammu and Kashmir Economic Reconstruction Agency (ERA) and the tender process for the same was likely to be initiated after two weeks.
 They further said that International Competitive Bidding (ICB) will be carried out to allot the project to the eligible construction company.
 They said the preliminary process for taking up the project was recently reviewed at a meeting by the ERA Chief Executive Officer (CEO),  Saurabh Bhagat .Estimated to cost Rs 95 Cr for a length of 1.3 Km, the Flyover project is envisaged  with four lane expressway and eight lane  under widening area.
 However sources informed that the actual cost of the main constructions would be around Rs 65 Cr, while the rest of the fund would be expended on the rehabilitation of affected properties like Alson Motors and Paramjeet Filling Station near Hotel Asia and shifting of utilities of PHE, BSNL, PDD and Forest Department, besides acquisition of 26 Kanals of land required for widening of road to eight lanes.  Moreover two subways and four bus bays are also proposed to be constructed under this project, they added.

Lastupdate on : Fri, 8 Jun 2012 21:30:00 Makkah time
Lastupdate on : Fri, 8 Jun 2012 18:30:00 GMT
Lastupdate on : Sat, 9 Jun 2012 00:00:00 IST