India
Archived — This article has been archived. The information may be outdated.
Cabinet approves Rs 14,115 crore road projects
NDTV··12 Jul
The Union Cabinet approved two road projects worth Rs 14,115 crore. An 8.1-km six-lane tunnel will link Dwarka Expressway with Nelson Mandela Marg in Delhi at Rs 6,969.67 crore under the Hybrid Annuity Model. A 117.7-km Kanpur-Kabrai greenfield highway in Uttar Pradesh is estimated at Rs 7,145.14 crore, cutting travel time to about 90 minutes.
Prism
What It Means For You
- If you commute between Dwarka, Gurugram, South Delhi and IGI Airport, the approved tunnel aims to provide uninterrupted six-lane connectivity once built under the Hybrid Annuity Model.
- Homebuyers and renters along the Dwarka and Vasant Kunj corridors may see shifting property demand as airport and expressway access improves over the construction period.
- Businesses in Kanpur and Bundelkhand could cut the current three-and-a-half-hour Kanpur-Kabrai journey to about ninety minutes when the greenfield highway opens.
What's Happening
- The Cabinet cleared the 8.1-km Delhi tunnel at Rs 6,969.67 crore and the 117.7-km Uttar Pradesh highway at Rs 7,145.14 crore in a single approval package.
- The Kanpur-Kabrai corridor will be access-controlled and connect with the Bundelkhand Expressway and Kanpur Ring Road.
- Real estate firms including Omaxe and TRG Group publicly noted that expressway and tunnel projects historically lift values in newly linked corridors.
The Numbers Behind It
- India has increased highway spending over the past decade to lower logistics costs, with NHAI citing freight efficiency and industrial cluster growth as key goals.
- The Hybrid Annuity Model splits project risk between government annuities and private developers, a format used on several recent Delhi-NCR expressway projects.
- Bundelkhand has been targeted for industrial corridors linking Uttar Pradesh mining and agricultural regions with Madhya Pradesh manufacturing hubs.
all-news
