New Economic Corridor projects worth Rs 20,000 Crores inaugurated in Haryana
The Union Road Transport and Highways Minister, Nitin Gadkari has laid the foundation stone for new economic corridor projects worth Rs 20,000 crores in Haryana. The virtual function was presided over by the Chief Minister of Haryana, Manohar Lal Khattar.
The projects that were inaugurated by the Union Minister include the 35.45 km four lane Rohna / Hasangarh to Jhajjar section of National Highway 334B (Estimated Cost of Rs 1183 crores), 70 km long four-laning of Punjab-Haryana Border to Jind section (Estimated cost of Rs 857 crores) and the 85.36 km two-lane Jind-Karnal Highway on NH 709 (Estimated Cost of Rs 200 crores). Apart from that, foundation stones were also laid for several other projects in the state.
What are Economic Corridors?
Economic Corridors are integrated networks of infrastructure available within a geographical area in order to promote economic development in the region. These corridors can be within a country or can extend across countries as well.
Background of the Economic Corridor projects in India
In 2019, the Union Government approved setting up of five economic corridors in the country and these projects will be implemented by the National Industrial Corridor Development and Implementation Trust. These five corridors are:
- Delhi-Mumbai Industrial Corridor
- Amritsar Kolkata Industrial Corridor
- Chennai Bengaluru Industrial Corridor
- East Coast Economic Corridor
- Bengaluru Mumbai Industrial Corridor
Month: Current Affairs - July, 2020
Category: Economy & Banking Current Affairs