The Union Cabinet chaired by Prime Minister Narendra Modi has approved the construction of 8 National High-Speed Road Corridor projects with a total length of 936 km. The government said that these 8 highway projects will cost a total of Rs 50,655 crore.
The government said that it will ensure that there is minimum need for land acquisition. Union Information Minister Ashwini Vaishnav said in a press conference that the projects will be linked to brownfield as far as possible. The government’s aim with these projects is to improve logistics efficiency and reduce congestion. Also, connectivity across the country has to be increased.
A transformational boost to India’s infrastructure landscape!
Cabinet approval to 8 National High-Speed Road Corridor projects at a cost of over Rs 50,000 crore will have a multiplier impact on our economic growth and boost employment opportunities.
This also… pic.twitter.com/fim8aNP2Tr
— Narendra Modi (@narendramodi) August 2, 2024
These projects got approval
These projects will reduce the travel time between Agra and Gwalior by 50 percent. The Kharagpur-Moregram corridor will play a big role in boosting the economy of West Bengal and the North-East. At the same time, the Kanpur Ring Road will decongest the highway network around Kanpur.
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The development of Jharkhand and Chhattisgarh will be accelerated through the completion of the Raipur Ranchi corridor. A new corridor will be developed between Tharad and Ahmedabad to meet the high-speed road network in Gujarat for port connectivity and lower logistics costs.
The Guwahati Ring Road will be developed to facilitate seamless access to the North-East. The ring road will also provide seamless connectivity to national and international tourists arriving from Lucknow International Airport, Ayodhya Airport and major railway stations in the city. The 8-lane elevated flyover corridor section between Pune and Nashik will play a major role in improving logistics efficiency.
Average annual highway construction increased 2.4 times
At the same time, the average annual construction of national highways has also increased by about 2.4 times from about 4,000 km in 2004-14 to about 9,600 km in 2014-24. Total capital investment in national highways, including private investment, has increased 6 times from Rs 50,000 crore in 2013-14 to about Rs 3.1 lakh crore in 2023-24.
Source (PTI) (NDTV) (HINDUSTANTIMES)