CHANDIGARH: Haryana government today gave its nod to construct 83.320 km six-laned Kundli-Manesar Section of 136-km long Kundli-Manesar-Palwal Expressway Project spanning five districts.The clearance was given by the Cabinet Sub Committee on Infrastructure under the Chairmanship of Haryana Chief Minister Manohar Lal Khattar here, said an official release.Managing Director of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) Vineet Garg informed the Cabinet Sub Committee that the project involves the construction of a six-lane expressway instead of the earlier proposed four-lane road.He informed that the estimated total cost of the project as per the calculation of Net Present Value of the lowest bid would come to a sum of Rs 1,680 crore, which is less than the Estimated Project Cost of Rs 1,863 crore.The Financial Consultants of the Project Almondz described the project details involving the annuity period of 17 years, including, the construction period of 2.5 years. The period for obtaining financial closure has been prescribed as six months and the likely date of completion of construction will be August 2018.After the recommendation of the Financial Consultants, the Sub Committee comprising of Engineer-in-Chief, Public Works (Building and Roads) Department, Managing Director Haryana State Roads and Bridges Development Corporation, Chief Engineer (National Highways),Chief Engineer (Roads) and Chief Engineer, HSIIDC recommended the allotment to the lowest bidder.It was informed in the meeting that Essel Infraprojects Limited has quoted semi annual annuity amount of Rs 157.50 crore which is lesser by Rs 25.86 crore as compared to the internal assessment of Rs 183.36 crore with 15 per cent economic internal rate of return (EIRR).Tender for 83.320 Kilometers Kundli-Manesar Section were invited on Fixed Semi-Annual Annuities basis. The other four agencies that participated in the bidding process included Shapoorji Pallonji Roads Private Limited , IL and FS Transportation Network Limited, Ashoka Buildcon Limited and Oriental Structural Engineers Private Limited, it said.It was informed in the meeting that the work of Kundli-Manesar-Palwal Expressway (KMPE) project was earlier allotted to the concessionaire KMP Expressway Limited on January 31, 2006. The completion date or commercial operation date was fixed as July 29, 2009 with a toll collection period of 20 years and nine months.But the Concessionaire failed to complete the work even upto December 2014. It was also informed in the meeting that the Supreme Court in its order dated January 30, 2015, had directed the State Government to award the contract for the project to new Concessionaire urgently.Subsequently, the Concession Agreement of KMP Expressway Limited was terminated on March 19, 2015.