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Kerala Waives Rs.7.41 Bn GST and Royalty for Two NH Projects

2024-07-24

The Kerala government has announced a significant financial relief for two major national highway (NH) projects in the state by waiving ?7.41 billion in GST share and royalty charges. This move is intended to accelerate the development of these crucial infrastructure projects, which are expected to boost connectivity and regional economic growth.

The waiver applies to two key NH projects: the widening of the NH-66 and the NH-66 bypass project. These projects are crucial for improving transportation infrastructure, reducing travel time, and enhancing safety on the roads. The decision to waive these charges reflects the state government's commitment to supporting infrastructure development and addressing financial constraints faced by project developers.

By alleviating the financial burden on these projects, the Kerala government aims to ensure that construction progresses smoothly and within the projected timelines. The waiver is expected to facilitate faster completion of the projects, which will ultimately benefit commuters and contribute to regional development.

State officials have emphasised that this decision is part of a broader strategy to promote infrastructure development and enhance the overall quality of roads in Kerala. The government believes that investing in road infrastructure will have a positive impact on the state?s economy by improving connectivity and supporting local businesses.

This significant financial relief underscores the Kerala government?s dedication to fostering infrastructural growth and addressing the challenges faced by key development projects.