With reference to North East Road Network Connectivity Project NERNCP consider the following stateme...........

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With reference to North East Road Network Connectivity Project (NERNCP), consider the following statements:

The project will be based on public-private partnership model.
It will enhance connectivity with inter-state roads and International Borders concerning the North- eastern region.
Recently, India and Japan signed a document on Japanese loan and aid for the project.

Select the correct answer using the codes below.

1 only

2 and 3 only

1 and 2 only

1, 2 and 3

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Explanation:

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).