Cabinet approves 8 high-speed road corridor projects worth Rs 50,655 crore | Economy & Policy News
According to the release, the 88 km Agra-Gwalior National High-Speed Corridor will be developed on build-operate- transfer (BOT) mode as a fully access-controlled 6-lane corridor at a total capital cost of Rs 4,613 crore.
The government on Friday approved eight national high-speed road corridor projects of length 936 km entailing investment of Rs 50,655 crore to improve logistics efficiency and connectivity across the country, an official statement said.
The implementation of these eight important projects will generate an estimated 4.42 crore mandays of direct and indirect employment, it said.
The projects approved by the Cabinet Committee on Economic Affairs include 6-Lane Agra-Gwalior National High-Speed Corridor, 4-Lane Kharagpur-Moregram National High-Speed Corridor, 6-Lane Tharad-Deesa-Mehsana-Ahmedabad National High-Speed Corridor, 4-lane Ayodhya Ring Road, 4-Lane Section between Pathalgaon and Gumla of Raipur-Ranchi National Highspeed Corridor, and 6-Lane Kanpur Ring Road.
On the new projects, Prime Minister Narendra Modi in a tweet on X said: ‘Tranformative’ boost to India’s infrastructure landscape!
“The Cabinet’s approval of 8 National High-Speed Road Corridor Projects at an expenditure of over Rs 50,000 crore will have a multiplier’ effect on our economic growth’ and boost employment’ opportunities. It also underlines our commitment to a futuristic and connected India.
According to the release, the 88 km Agra-Gwalior National High-Speed Corridor will be developed on build-operate- transfer (BOT) mode as a fully access-controlled 6-lane corridor at a total capital cost of Rs 4,613 crore.
The project will supplement the existing 4-lane National Highway to increase the traffic capacity by more than two times in the Agra-Gwalior section of the North South Corridor (Srinagar-Kanyakumari), it said.
The corridor will enhance connectivity to key tourist destinations in Uttar Pradesh (Taj Mahal, Agra Fort, etc) and Madhya Pradesh (Gwalior Fort, etc). It will reduce the distance between Agra and Gwalior by 7 per cent and the travel time by 50 per cent, thereby bringing in a substantial reduction in logistics cost.
The new corridor will supplement the existing 2-lane National Highway to increase the traffic capacity by about five times between Kharagpur and Moregram, the release said. It will provide efficient connectivity for traffic between states such as West Bengal, Odisha, Andhra Pradesh etc. on one end and North-Eastern part of the country on the other, the release said.
The 214-km Tharad – Deesa – Mehsana – Ahmedabad National High-Speed Corridor will be developed in build – operate – transfer (BOT) mode at a total capital cost of Rs 10,534 crore.
The Tharad – Ahmedabad corridor will provide connectivity between two key National Corridors in the state of Gujarat, viz., Amritsar – Jamnagar Corridor and Delhi – Mumbai Expressway, thereby providing seamless connectivity for the freight vehicles originating from industrial regions of Punjab, Haryana, and Rajasthan to the major ports in Maharashtra (JNPT, Mumbai and newly- sanctioned Vadhavan port).
The 68-km access-controlled Ayodhya Ring Road will be developed in Hybrid Annuity Mode (HAM) at a total capital cost of Rs. 3,935 crore. The ring road will reduce congestion on National Highways passing through the city, thereby enabling fast movement of pilgrims visiting the Ram Mandir.
The 137-km Pathalgaon and Gumla of Raipur-Ranchi National Highspeed Corridor will be developed in Hybrid Annuity Mode (HAM) at a total capital cost of Rs 4,473 crore to complete the whole corridor.
It will enhance connectivity between mining areas in Gumla, Lohardaga, Raigarh, Korba and Dhanbad and industrial and manufacturing zones located in Raipur, Durg, Korba, Bilaspur, Bokaro, and Dhanbad.
The 47-km Kanpur Ring Road will be developed in Engineering, Procurement and Construction Mode (EPC) at a total capital cost of Rs 3,298 crore. This section will complete the 6-lane National Highway Ring around Kanpur.
The 121-km Northern Guwahati Bypass and Widening/Improvement of Existing Guwahati Bypass will be developed in build operate toll (BOT) mode at a total capital cost of Rs 5,729 crore in three sections. A major bridge over river Brahmaputra will also be constructed as a part of the project.
The 30-km elevated Nashik Phata – Khed Corridor near Pune will be developed on Build-Operate-Transfer (BOT) at a total capital cost of Rs 7,827 crore.
The elevated corridor will provide seamless high-speed connectivity for traffic originating from/ heading to industrial centres of Chakan, Bhosari etc. on NH-60 between Pune and Nashik. The corridor will also alleviate serious congestion around Pimpri- Chinchwad.
Infrastructure development is the foundation for a country’s economic prosperity and is critical for improving the quality of life of its citizens. Every rupee spent on infrastructure development has a multiplier effect of about 2.5-3.0 times on GDP.
The release said that the government has adopted a corridor-based highway infrastructure development approach with focus on ensuring consistent standards, user convenience and logistics efficiency, as compared to the earlier project-based development approach, focused on addressing stretches of local congestion.
“This corridor approach has led to the identification of a network of 50,000 km of High-Speed Highway Corridors through a scientific transport study based on GSTN and toll data to support India’s transformation into a USD 30+ trillion economy by 2047,” it said.
First Published: Aug 02 2024 | 9:39 PM IST
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