Union Cabinet Approves 8 High-Speed Road Corridor Projects Of Rs 50,655 Cr; Likely To Create 4.42 Crore Jobs

The official statement read that the implementation of these projects is likely to create an estimated 4.42 crore mandays of direct and indirect employment in India.

Representational Image | The Cabinet Committee on Economic Affairs chaired by PM Modi has approved the development of 8 important National High-Speed Corridor projects with a Length of 936 km.

Source : PTI

The Union Cabinet approved eight major national High-Speed Road Corridor Projects spanning 936 km at a total cost of Rs 50,655 crore to enhance logistics efficiency and connectivity nationwide, according to an official statement on Friday. The implementation of these projects is likely to create an estimated 4.42 crore man-days of direct and indirect employment, it added.

Union Home Minister Amit Shah remarked that over the past decade, PM Modi has raised the infrastructure of India to world-class standards by constructing an extensive network of highways throughout the country.

"Over the last ten years, Modi Ji has elevated Bharat's infrastructural standards to a world-class level by building a sprawling network of highways across the nation. Further advancing this vision, the Union Cabinet today approved a ₹50,655 crore megaproject to develop 8 National High-Speed Road Corridors throughout Bharat. These corridors will unlock the nation's untapped economic potential by substantially reducing travel time and generating massive employment. My heartiest congratulations to Modi Ji on this decision," Shah wrote in a post on X.

Over the last ten years, Modi Ji has elevated Bharat's infrastructural standards to a world-class level by building a sprawling network of highways across the nation.

Further advancing this vision, the Union Cabinet today approved a ₹50,655 crore megaproject to develop 8… pic.twitter.com/DCzSiDireL

— Amit Shah (@AmitShah) August 2, 2024

Agra-Gwalior High-Speed Road Corridor Among 8 Projects To Get Govt Nod — Details

According to the statement by the Cabinet Committee on Economic Affairs (CCEA), projects include — the 6-lane Agra-Gwalior National High-Speed Corridor, the 88-km high-speed corridor that will be developed on Build-Qperate-Transfer (BOT) mode as a fully access-controlled 6-lane corridor at a total capital cost of Rs. 4,613 Crore.

4-Lane Kharagpur - Moregram National High-Speed Corridor, a 231-km 4-lane access-controlled high-speed corridor between Kharagpur and Moregram will be developed in Hybrid Annuity Mode (HAM) at a total capital cost of Rs. 10,247 Crore. 

6-Lane Tharad - Deesa - Mehsana - Ahmedabad National High-Speed Corridor, this 214-km Corridor will be developed in Build - Operate - Transfer (BOT) mode at a total capital cost of Rs. 10,534 Crore. 4-lane Ayodhya Ring Road, the 68-km 4-lane access-controlled Ayodhya Ring Road will be developed in Hybrid Annuity Mode (HAM) at a total capital cost of Rs. 3,935 Crore. 

The 137-km 4-lane access-controlled Pathalgaon - Gumla section of Raipur - Ranchi Corridor will be developed in Hybrid Annuity Mode (HAM) at a total capital cost of Rs. 4,473 Crore to complete the whole corridor. The 47-km 6-lane Access-Controlled section of Kanpur Ring Road is to be developed in Engineering, Procurement, and Construction Mode (EPC) at a total capital cost of Rs. 3,298 Crore. 

121-km Guwahati Ring Road will be developed in Build Operate Toll (BOT) mode at a total capital cost of Rs. 5,729 Crore in three sections viz., 4-lane Access-Controlled Northern Guwahati Bypass (56 km), widening of the existing 4-lane bypass on NH 27 to 6 lanes (8 km), and improvement of the existing bypass on NH 27 (58 km).

And, 30-km 8-lane elevated National High-Speed Corridor from Nashik Phata to Khed near Pune will be developed on Build-Operate-Transfer (BOT) at a total capital cost of Rs. 7,827 Crore. 

"Realising the importance of infrastructure in the overall economic growth of the country, the Government of India has been investing heavily in building world-class road infrastructure in the country over the last ten years," the CCEA stated.

The CCEA also mentioned that the Government has further adopted a corridor-based highway infrastructure development approach with a 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.