...

Latest News: Centre Approves 8 High-Speed Road Corridor Projects Worth Over ₹50,000 Crore

Date:

8 high-speed road
The Narendra Modi government approves eight high-speed road corridor projects worth over ₹50,000 crore, aiming to enhance connectivity and boost logistics efficiency across India.

8 High-Speed Roads, The Narendra Modi government has greenlit eight major National High-Speed Road Corridor Projects, spanning a total length of 936 km. These projects, collectively valued at ₹50,655 crore, aim to boost logistics efficiency, alleviate congestion, and enhance connectivity across India.

Boosting India’s Infrastructure

Union Minister Ashwini Vaishnaw announced the approval, stating, “The Cabinet today approved eight important National 8 High-Speed Road Corridor Projects of length 936 km at a total cost of over ₹50,000 crore to improve logistics efficiency, reduce congestion, and enhance connectivity across the country.”

Details of the Projects

The approved projects encompass various regions and are designed to significantly upgrade the nation’s infrastructure. They include:

  • The six-lane Agra-Gwalior National High-Speed Corridor
  • The four-lane Kharagpur-Moregram National High-Speed Corridor
  • The six-lane Tharad – Deesa – Mehsana – Ahmedabad National High-Speed Corridor
  • The four-lane Ayodhya Ring Road
  • The five-lane section between Pathalgaon and Gumla of the Raipur-Ranchi National High-Speed Corridor
  • The six-lane Kanpur Ring Road
  • The four-lane Northern Guwahati Bypass and the Widening/Improvement of the Existing Guwahati Bypass
  • The eight-lane elevated Nashik Phata – Khed Corridor near Pune

These projects are part of the government’s strategic approach to infrastructure development, focusing on creating consistent standards, enhancing user convenience, and improving logistics efficiency.

Economic Impact

Highlighting the broader economic implications, Vaishnaw remarked, “140 crore Indians gave PM Modi a historic mandate. Thanks to them, a government returned to power for a third consecutive term after 60 years… Following the formation of the government, ₹76,000 crore will be invested for Vadhavan Port.”

The government emphasized that infrastructure development is pivotal for economic prosperity and improving citizens’ quality of life. “Every rupee spent on infrastructure development has a multiplier effect of about 2.5-3.0 times on GDP,” the government stated.

Read More: CBSE Compartment Result 2024 Live: Class 12 Compartment Results Now Available

Significant Increase in Investment

Over the past decade, there has been a substantial increase in capital investment in National Highways. The total investment, including private contributions, has surged from ₹50,000 crore in 2013-14 to approximately ₹3.1 lakh crore in 2023-24. This sixfold increase underscores the government’s commitment to enhancing the nation’s infrastructure.

Corridor-Based Development Approach

The government has shifted from a project-based to a corridor-based approach for highway infrastructure development. This new strategy aims to ensure consistent standards, enhance user convenience, and boost logistics efficiency, moving away from the previous focus on addressing local congestion.

This corridor-based approach is expected to bring uniformity and higher standards to national highway projects, resulting in smoother and more efficient transportation networks across the country.

Looking Ahead

The approval of these 8 high-speed road corridor projects marks a significant step forward in India’s infrastructure development journey. By investing in these critical projects, the government aims to lay a strong foundation for economic growth and improved quality of life for its citizens.

As these projects progress, they are expected to transform the transportation landscape, making travel faster and more efficient, and supporting the broader economic objectives of the country.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe

Popular

More like this
Related

Unacademy CEO announces no salary hikes for employees while wearing $400 T-shirt

Unacademy CEO Faces Backlash Over No Salary Hikes Announcement...

Latest News: 6-Year-Old’s Passport Rejection Over Game of Thrones-Inspired Name

Khaleesi's Name Causes Passport TroubleUK passport rejectionHoliday Plans in...

Anu Aggarwal Stands Up for Ranveer Singh’s Nude Photoshoot, Recalls Her Own Bold Film Scene

Anu Aggarwal Reflects on Her Topless SceneSupport for Ranveer...

Kolkata Man Arrested for Threatening to Bomb Bihar CM Nitish Kumar’s Office

Threatening Email Sparks InvestigationUnclear Motive Behind the ThreatPolitical Reactions...
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.