Pune ring road: NHAI to bear 80% land acquisition cost
PUNE: The National Highways Authority of India (NHAI) has decided to bear major part of land acquisition cost of proposed Pune’s 170-km ring road connecting highways passing through the city and diverting heavy traffic out of city.
NHAI has appealed to the Maharashtra government that as the land acquisition cost in Maharashtra is high, it will bear 80 per cent cost of the land and the latter should share the remaining 10 per cent.
As per the Maharashtra government’s rule, owners are getting five times more compensation than the land’s cost given for government projects. As per NHAI policy, the land cost is capped at four times.
