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None for the road: Govt scraps PPP plan for Rs 6,290-cr expressway project after zero bids

In a sign of investor disinterest in road projects, the government has decided to scrap the plan to use the public-private partnership (PPP) model to build the Rs 6,290-crore Eastern Peripheral Expressway (EPE) project. Sources said the National Highways Authority of India did not receive a single bid for the project before the April 4 deadline and the project would now be developed in the conventional engineering procurement construction (EPC) mode.

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