Construction Industry News
The Indian government has sanctioned eight national high-speed road corridor projects, totalling 936 km, at a cost of Rs 50,655 crore. This move aims to enhance logistics efficiency and connectivity throughout the country. The Cabinet Committee on Economic Affairs (CCEA) has approved projects including a six-lane Agra-Gwalior National High-Speed Corridor, a four-lane Kharagpur-Moregram National High-Speed Corridor, a six-lane Tharad-Deesa-Mehsana-Ahmedabad National High-Speed Corridor, a four-lane Ayodhya Ring Road, a 4-lane section between Pathalgaon and Gumla of the Raipur-Ranchi National Highspeed Corridor, and a six-lane Kanpur Ring Road.
These projects’ implementation will generate an estimated 4.42 crore mandays of direct and indirect employment. 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 corridor will enhance connectivity to key tourist destinations in Uttar Pradesh (Taj Mahal, Agra Fort) and Madhya Pradesh (Gwalior Fort). It will reduce travel time by 50 percent,
The 231-km Kharagpur-Moregram corridor will be developed as a HAM project at a total capital cost of Rs 10,247 crore. It will provide efficient connectivity for traffic between states such as West Bengal, Odisha, Andhra Pradesh on one end and North-Eastern part of the country on the other. 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., and will provide connectivity to Amritsar- Jamnagar Corridor and Delhi-Mumbai Expressway, with seamless connecttivity for the freight vehicles from Punjab, Haryana, and Rajasthan to the major ports in Maharashtra (JNPT, Mumbai and Vadhavan port).
The 68-km access-controlled Ayodhya Ring Road will be developed in hybrid annuity mode at a total capital cost of Rs. 3,935 crore. The 137-km Pathalgaon and Gumla of Raipur-Ranchi National Highspeed Corridor will be developed at a total capital cost of Rs 4,473 crore to complete the whole corridor.
