The Union Cabinet on Tuesday has approved the biggest ever highway development plan to develop and expand approximately 83,000 km of roads at an investment of Rs 6.9 lakh crore by 2022, sources tell ET NOW.
The announcement includes the new 28,400 km Bharatmala highway programme connecting border areas, improving international, port and coastal connectivity besides improving highway corridors connecting key economic and commercial hubs besides at least 800 km of expressways.
The proposal is aimed at pushing economic activity and generating at least 32 crore man days across the country in the next five years.
Sources said the focus of the entire plan is to improve speed of traffic flow on key corridors by providing uniform four-lane roads between two identified points. Most of these corridors will be shorter and access-controlled for faster movement of cargo vehicles.
Finance Minister Arun Jaitley to hold press conference in this regard at 4 pm today.
Courtesy: Times Now