The Asian Development Bank will fund the construction of grade separators along the important Srinagar expressway bypass, in order to reduce accidents and frequent traffic snarls in absence of small flyovers.
A senior official informed that ADB has agreed to grant third tranche loan of Rs 4,000 crore for development projects of the state. ADB has told the JK government that it would provide loan for improvisation of urban services, water supply, roads and drainage system in the state.
Following this, the Jammu and Kashmir Economic Reconstruction Agency has included the construction of grade separators along the bypass in this phase of funding.
Director JKERA, Javid Tara, said that once the completion report of works taken under the second ADB loan tranche is submitted, the funds will be provided to undertake take works proposed to be completed with the help of third loan tranche.
“Hopefully within next month, we would initiate work on proposed grade separators at Sanat Nagar and Bemina under the ADB funding,” he said adding that “almost all the work undertaken under second ADB loan tranche has been completed following which ADB will release fund for the third phase.”
The Government of India has already given clearance for the plan while ADB has agreed for granting a loan of around Rs 4000 crore to the state for the development projects.
“The road corridor witnesses huge number of vehicles coming from northern and southern parts of Kashmir. It also witnesses frequent movement of security personnel vehicles. For passage of these vehicles, the civilian traffic movement is stopped for half an hour or so. The number of conflicting usages and the high vehicular and pedestrian volumes act as barrier to redevelopment and growth of the area,” the proposal states.
The proposed project is part of a long term plan of the state government to improve urban transport facility in the summer capital.
As per the proposal, the construction was aimed to remove traffic congestion along the highway and also decrease the number of road accidents which are frequently witnessed on the important road corridor.