Government Greenlights High-Speed Road Corridor Projects Worth Rs 50,655 Crore

The government has approved eight national high-speed road corridor projects totaling 936 km, with an investment of Rs 50,655 crore aimed at improving logistics efficiency and connectivity. The projects will generate 4.42 crore mandays of employment and enhance connectivity across several Indian states, further supporting economic growth.

The government has given the nod to eight national high-speed road corridor projects spanning 936 km, with an investment of Rs 50,655 crore. This initiative is set to significantly boost logistics efficiency and connectivity across various regions in the country. According to an official statement, these projects are expected to generate approximately 4.42 crore mandays of both direct and indirect employment.

The approved projects include multiple high-speed corridors such as the 6-Lane Agra-Gwalior, 4-Lane Kharagpur-Moregram, and the 6-Lane Tharad-Mehsana-Ahmedabad, among others. Prime Minister Narendra Modi described this move as a 'transformative' step towards enhancing India's infrastructure landscape, emphasizing its multiplier effect on economic growth and employment opportunities.

Developing these corridors will also enhance connectivity to key tourist destinations, industrial hubs, and regions crucial for freight movement. The government's focus on a corridor-based infrastructure development approach aims to ensure consistent standards, improved user convenience, and logistical efficiency, supporting India's goal of becoming a USD 30+ trillion economy by 2047.

(With inputs from agencies.)