Cabinet approves Rs 7 lacs crore highway projects including Bharatmala

Posted by Daily Shipping Times on 25-10-2017        Tweet

NEW DELHI : The Government approved Rs 7 lacs crore worth highway projects including the ambitious Bharatmala, an official said.

The development comes barely few months after Union Minister Nitin Gadkari said that the Government will soon launch the Bharatmala project to build over 20,000 km of highways in the first phase.

Road, Transport Minister Nitin Gadkari had earlier said detailed project reports (DPRs) are being prepared for the Bharatmala project. Bharatmala is a mega plan of the Government and the second largest highways project after National Highways Development Project (NHDP) that saw development of about 50,000km, and aims at improving connectivity in border and other areas.

The official said the highway projects approved also include economic corridor developments aimed at faster movement of cargo. The Government had earlier planned to develop economic corridors with a length of about 21,000 km besides 14,000 km of feeder routes.

The corridors included Mumbai-Cochin-Kanyakumari, Bengaluru-Mangaluru, Hyderabad-Panaji and Sambalpur-Ranchi, to name a few.

A study under the proposed Bharatmala project by global consultancy firm AT Kearney had identified 44 economic corridors.