To restore and rebuild the road stretches damaged by the recent floods in Uttarakhand, the State Public Works Department, which owns the state highways connecting district headquarters, has sought Rs 30 crore from the Centre. A top highways ministry official said they had received a request and it was put before the newly appointed Union Minister for Road Transport and Highways Oscar Fernandes.
In Uttarakhand, it will take at least 3-4 months to rebuild highways damaged by the recent floods. All national and state highways in the Garhwal region have been damaged with road-owing agencies reporting at least 100 stretches impacted by landslides, breaches or submergence. Several bailey bridges and steel girder bridges have also been washed away.
To restore the washed out roads and bridges in Uttarakhand, the Union government has been urged by its Road Ministry to provide Rs 5,000 crore. On June 17, flash floods had washed away many vital road links and thousands died in the natural calamity. The Ministry has estimated to restore the road network in the next three years.
Despite the Chennai floods and price corrections, the stocks of South India-based cement players have not seen a sharp correction. Ramco Cements marginally reduced to Rs 371 and Dalmia Bharat increased to 2.2 per cent at Rs 764, compared to levels seen in November-end