New Delhi, June 3 -- The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the construction of a new coastal Highway from Rameshwar to Paradeep on the Hybrid Annuity Model (HAM) in Odisha under two packages with a combined total length of 160.18 km and a combined total capital cost of Rs.8300.79 crore.

According to the Cabinet Committee on Economic Affairs (CCEA), the project section of the new coastal Highway from Rameshwar to Paradeep passes through Khurda, Puri, Kendrapada, and Jagatsinghpur Districts of Odisha. The existing road network of NH-16 is part of the Golden Quadrilateral and is already a 6-lane highway passing through major towns Khordha, Bhubaneswar, and Cuttack.

The exi...