Modi Govt Approves ₹50,655 Crore For 936 Km High-Speed Road Corridors

The Narendra Modi government approved eight significant National High-Speed Road Corridor Projects spanning 936 km on Friday, with a total investment of Rs. 50,655 Crore.

These projects aim to improve logistics efficiency, reduce congestion, and enhance connectivity across the country.

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High-Speed Road Corridors: Modi Govt Approves ₹50,655 Crore Project

"Today, the Cabinet approved eight vital National High-Speed Road Corridor Projects covering 936 km, with an investment exceeding ₹50,000 crore to boost logistics efficiency, alleviate congestion, and improve connectivity nationwide," announced Union minister Ashwini Vaishnaw.

The approved projects 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 and the eight-lane elevated Nashik Phata-Khed Corridor near Pune.

"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 in Vadhavan Port," Vaishnaw added.

The government highlighted that infrastructure development is the foundation for a country's economic prosperity and is critical for improving citizens' quality of life. It stated that every rupee spent on infrastructure development has a multiplier effect of about 2.5-3.0 times on GDP.

The statement also noted that the total capital investment in National Highways, including private investment, has increased sixfold from Rs. 50,000 crore in 2013-14 to approximately Rs. 3.1 Lakh crore in 2023-24.

Furthermore, the government has adopted a corridor-based highway infrastructure development approach, focusing on ensuring consistent standards, user convenience, and logistics efficiency, as opposed to the earlier project-based development approach that primarily addressed local congestion issues.