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Govt plans to build economic corridors

The 44 highway stretches (27,000 km) 'economic corridors' is expected to be completed in six years

Policy Pulse
Publish Date: Sep 14 2016 9:28AM | Updated Date: Sep 14 2016 3:13PM

Govt plans to build economic corridors

Picture for representation

 

 

The Union highways ministry is preparing a proposal, seeking the cabinet approval for the special corridor development. The proposal has a plan to build 44 highway stretches totaling 27,000 km to be developed as "economic corridors".

 

The corridor plans to connect 30 top cities in the country by building ring roads and logistics hubs along these corridors. This corridor will be use for the hustle free movement of cargo vehicles which further reduce the delays and deepen economic activities. 

 

This will be the biggest highway expansion plan since the rolling out of Golden Quadrilateral and North South East West Corridor, totalling 13,000 km.

 

These stretches pass through and connect major hubs of economic activities such as manufacturing areas and ports, and would be identified as "economic corridors". The new plan is expected to be completed in six years.

 

Another 15,000 km will be developed as feeder routes to these economic corridors and for the entire task the government is exploring several funding options, including road development cess, loans from agencies and also private investment.

 

Another 40 interconnecting corridors will also be developed to link 44 economic corridors and the Golden Quadrilateral. This network will carry 80% of the country's contents. The government will also rebrand national highways as national corridors, economic corridors and feeder roads.