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Government mulls developing 27,000 km of highways as ‘economic corridors’

The Narendra Modi-led government is planning to make 44 highway stretches totalling 27,000 km to be developed as "economic corridors" .

By: | Updated: September 15, 2016 3:00 PM
 This will also help deepen economic activities and create jobs. It will help in decongesting 30 top cities in the country by building ring roads and logistics hubs along these corridors. This will also help deepen economic activities and create jobs. It will help in decongesting 30 top cities in the country by building ring roads and logistics hubs along these corridors.

The Narendra Modi-led government is planning to make 44 highway stretches totalling 27,000 km to be developed as “economic corridors” for seamless movement of cargo vehicles. This will also help deepen economic activities and create jobs. It will help in decongesting 30 top cities in the country by building ring roads and logistics hubs along these corridors. According to a Times of India report, these stretches pass through and connect major hubs of economic activities such as manufacturing clusters and ports, and have been identified as “economic corridors”.

The new plan is expected to be completed in six years. The government is exploring several funding options, including road development cess, loans from agencies and also private investment. All these identified stretches will be made into four to six lanes with facilities such as truck lay-by , parking lots and logistics parks.”There will be no congestion point throughout the stretches,” the official told TOI. These packages are likely to require at least Rs 6 lakh crore investment, according to NHAI sources.

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