'Ashoka Buildcon has reported progress on its Cuttack - Angul highway project in Orissa. The project is to be executed by a SPV , Ashoka Cuttack Angul Tollway Ltd, floated by Ashoka Buildcon Ltd. The project involves designing, building, financing, operation and maintenance rehabilitation and up gradation of four laning of Cuttack - Angul Section of NH-42 from Km 0.000 to Km 112.000 in the state under NHDP Phase III to be executed as BOT (Toll) on DBFOT Pattern. As of July 2013, the project has been cleared by the Prime Minister’s Project Monitoring Group.