Government Approves Rs 7 Lakh Crore Highway Projects Including Bharatmala
The government, on Tuesday, approved Rs 7 lakh crore worth highway projects including the ambitious Bharatmala, an official said.
The development comes a few months after Union Road and Transport Minister Nitin Gadkari indicated that the government is planning a project that includes building over 20,000 kilometers of highways in the first phase.
The Cabinet gave its go-ahead to highway projects worth about Rs 7 lakh crore for development of over 80,000 kilometers of highways including Bharatmala project in the next five years, an official who did not wish to be quoted, told PTI.
Gadkari had earlier said detailed project reports are being prepared for the Bharatmala project.
Bharatmala is a mega plan of the government and the second-largest highways project after the National Highways Development Project that saw development of about 50,000 kilometers, 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 kilometers besides 14,000 kilometers of feeder routes. The corridors included Mumbai-Cochin-Kanyakumari, Bengaluru-Mangaluru, Hyderabad-Panaji and Sambalpur-Ranchi, to name a few.
Also Read: NHAI Could Soon Come Out With An IPO, Says Nitin Gadkari
A study under the proposed Bharatmala project by global consultancy firm AT Kearney had identified 44 economic corridors.
The Prime Minister's Office, earlier this year, had asked for Public Investment Board's clearance to the first phase of the project. Chaired by the expenditure secretary, PIB had later approved it.
Other members of PIB included secretaries of economic affairs, NITI Aayog, statistics and programme implementation, environment and forests, besides the secretary of the administrative ministry concerned.
Also Read: PM Modi Inaugurates Highway Projects With Outlay Of Rs 15,000 Crore
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