Q5. With reference to North East Road Network Connectivity Project (NERNCP), consider the following statements:
1. The project will be based on public-private partnership model.
2. It will enhance connectivity with inter-state roads and International Borders concerning the North eastern region.
3. Recently, India and Japan signed a document on Japanese loan and aid for the project.
Select the correct answer using the codes below.
Statement 1: The project will be executed in EPC (Engineering, procurement and Construction) Mode.
Statement 2: First phase focuses on development of National Highways in Meghalaya and Mizoram. It can complement India’s connectivity initiatives in Bangladesh, Myanmar and beyond.
Statement 3: Japan will extend a loan of over two thousand crore rupees to India for ‘North East Road Network Connectivity Improvement Project’ to improve NH-40 and construct a bypass on NH-54 in the Northeast.
It will be financially supported by loan assistance from Japan International Cooperation Agency (JICA).