06 Aug 2024

Cabinet approves eight National High-Speed Road Corridor projects worth Rs 50,655 crore

The cabinet on Friday approved eight National High-Speed Road Corridor projects of length 936 km at a total cost of Rs. 50,655 Crore to improve logistics efficiency, reduce congestion and enhance connectivity across the country. The projects will generate 4.42 crore man days of direct and indirect employment.

The projects include an eight lane elevated Nashik Phata-Khed Corridor near Pune. The corridor will be 30 km long and will be developed on Build-Operate-Transfer (BOT) at a total capital cost of Rs. 7,827 Crore. The highway eliminate the existing logistic difficulties and alleviate congestion around Pimpri-Chinchwad.

A Six-lane Agra-Gwalior National High-Speed Corridor that will reduce the travel time between Agra and Gwalior by 50 per cent. The 88-km corridor will be developed on Build-Qperate-Transfer (BOT) at Rs Rs. 4,613 Crore. It will reduce the distance between Agra and Gwalior by 7 per cent and the travel time by 50 per cent.

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https://economictimes.indiatimes.com/news/economy/infrastructure/cabinet-approves-eight-important-national-high-speed-road-corridor-projects-at-rs-50655-crore/articleshow/112229698.cms?from=mdr