Latest news with #LPI
New Indian Express
6 days ago
- Business
- New Indian Express
Union Cabinet approves Badvel-Nellore Corridor in Andhra Pradesh
VIJAYAWADA: The meeting of Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the construction of a 4-lane Badvel-Nellore Corridor with a length of 108.134 km at a cost of Rs 3,653.10 crore on National Highway 67 under the Design-Build-Finance-Operate-Transfer (DBFOT) mode. The proposed Badvel-Nellore Corridor will provide connectivity to important nodes in the three Industrial Corridors of Andhra Pradesh, i.e., Kopparthy Node on the Visakhapatnam-Chennai Industrial Corridor (VCIC), Orvakal Node on Hyderabad-Bengaluru Industrial Corridor (HBIC), and Krishnapatnam Node on Chennai-Bengaluru Industrial Corridor (CBIC). This will have a positive impact on the Logistic Performance Index (LPI) of the country. Badvel-Nellore Corridor starts from Gopavaram village on the existing National Highway 67 in Kadapa district and terminates at the Krishnapatnam Port Junction on NH-16 (Chennai-Kolkata) in Nellore district, and will also provide strategic connectivity to Krishnapatnam Port, which has been identified as a priority node under Chennai-Bengaluru Industrial Corridor.
Hans India
6 days ago
- Business
- Hans India
Union Cabinet okays Rs. 3,653 cr Badvel-Nellore highway project
Amaravati/New Delhi: In a significant push to infrastructure and logistics enhancement in Andhra Pradesh, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi approved the construction of a 4-lane highway corridor from Badvel to Nellore. The project will be implemented under the Design-Build-Finance-Operate-Transfer (DBFOT) model at an estimated capital cost of Rs 3,653.10 crore. The 108.134-km-long corridor will begin at Gopavaram village on the National Highway 67 (NH-67) in YSR Kadapa district and terminate at Guruvindapudi village nearKrishnapatnam Port Junction on NH-16 (part of the Chennai-Kolkata corridor) in SPSR Nellore district. This strategic route will provide improved access to Krishnapatnam Port and connect key nodes across three major industrial corridors in the state. Theseinclude: • Kopparthy Node on Visakhapatnam–Chennai Industrial Corridor (VCIC) • Orvakal Node on the Hyderabad–Bengaluru Industrial Corridor (HBIC) • Krishnapatnam Node on the Chennai–Bengaluru Industrial Corridor (CBIC) According to the Centre, the new corridor will reduce the travel distance between Badvel and Krishnapatnam Port by nearly 34 km - from 142 km to 108.13 km- cutting travel time by an estimated one hour. This reduction will significantly lower fuel consumption and vehicle operating costs, contributing to both economic efficiency and environmental sustainability through a decreased carbon footprint. The project is also expected to generate substantial employment during its development. Estimates suggest the creation of approximately 20 lakh man-days of direct employment and 23 lakh man-days of indirect employment. Additionally, the improved infrastructure is anticipated to catalyze economic activity and job opportunities in the surrounding areas. Officials say the enhanced road infrastructure will contribute positively to India's Logistics Performance Index (LPI), further strengthening supply chain connectivity and boosting industrial growth in the region.
News18
6 days ago
- Business
- News18
Government Approves Construction Of 108 Km Badvel-Nellore Highway In Andhra Pradesj
Agency: ANI Last Updated: This project will reduce travel distance to Krishanpatnam port by 33.9 km from 142 km to 108.13 km as compared to the existing Badvel-Nellore road The Cabinet Committee on Economic Affairs chaired by the Prime Minister Narendra Modi, on Wednesday approved the construction of 108.134 km long, 4-Lane Badvel-Nellore Corridor. The cost of this project will come around Rs 3653.10 crore. This project will make easy accessibility to important nodes in the three Industrial Corridors of Andhra Pradesh, i.e., Kopparthy Node on the Vishakhapatnam-Chennai Industrial Corridor (VCIC), Orvakal Node on Hyderabad-Bengaluru Industrial Corridor (HBIC) and Krishnapatnam Node on Chennai-Bengaluru Industrial Corridor (CBIC). Along with this, this is likely to have a positive impact on the Logistic Performance Index (LPI) of the country. "Badvel Nellore Corridor starts from Gopavaram Village on the existing National Highway NH-67 in the YSR Kadapa District and terminates at the Krishnapatnam Port Junction on NH-16 (Chennai-Kolkata) in SPSR Nellore District of Andhra Pradesh and will also provide strategic connectivity to the Krishnapatnam Port which has been identified as a priority node under Chennai-Bengaluru Industrial Corridor (CBIC)," Cabinet Committee said in a release. This project will reduce travel distance to Krishanpatnam port by 33.9 km from 142 km to 108.13 km as compared to the existing Badvel-Nellore road and will reduce time by one hour. Additionally, this project will generate about 20 lakh man-days of direct employment and 23 lakh man-days of indirect employment. This railway project aims improve travel convenience, reduce logistic cost, decrease oil imports and contribute to lower CO2 emissions, supporting sustainable and efficient rail operations.," and "these improvements are expected to optimize supply chains, thereby facilitating accelerated economic growth. First Published: May 28, 2025, 22:41 IST
India Gazette
6 days ago
- Business
- India Gazette
Cabinet approves construction of 108 km Badvel-Nellore highway in Andhra worth Rs 3653.10 crore
New Delhi [India], May 28 (ANI): The Cabinet Committee on Economic Affairs chaired by the Prime Minister Narendra Modi, on Wednesday approved the construction of 108.134 km long, 4-Lane Badvel-Nellore Corridor. The cost of this project will come around Rs 3653.10 crore. This project will make easy accessibility to important nodes in the three Industrial Corridors of Andhra Pradesh, i.e., Kopparthy Node on the Vishakhapatnam-Chennai Industrial Corridor (VCIC), Orvakal Node on Hyderabad-Bengaluru Industrial Corridor (HBIC) and Krishnapatnam Node on Chennai-Bengaluru Industrial Corridor (CBIC). Along with this, this is likely to have a positive impact on the Logistic Performance Index (LPI) of the country. 'Badvel Nellore Corridor starts from Gopavaram Village on the existing National Highway NH-67 in the YSR Kadapa District and terminates at the Krishnapatnam Port Junction on NH-16 (Chennai-Kolkata) in SPSR Nellore District of Andhra Pradesh and will also provide strategic connectivity to the Krishnapatnam Port which has been identified as a priority node under Chennai-Bengaluru Industrial Corridor (CBIC),' Cabinet Committee said in a release. This project will reduce travel distance to Krishanpatnam port by 33.9 km from 142 km to 108.13 km as compared to the existing Badvel-Nellore road and will reduce time by one hour. Additionally, this project will generate about 20 lakh man-days of direct employment and 23 lakh man-days of indirect employment. Along with this, the Cabinet Committee on Economic Affairs also approved two multi-tracking projects across Indian Railways, with the aim of providing seamless and faster transportation of both passengers and goods. This project will cost around Rs 3,399 crore and is expected to be completed by 2029-30. This railway project aims improve travel convenience, reduce logistic cost, decrease oil imports and contribute to lower CO2 emissions, supporting sustainable and efficient rail operations.,' and 'these improvements are expected to optimize supply chains, thereby facilitating accelerated economic growth. (ANI)
&w=3840&q=100)
Business Standard
6 days ago
- Business
- Business Standard
Cabinet okays ₹7,052 cr infra projects in Andhra, MP and Maharashtra
The Union Cabinet on Wednesday approved multiple infrastructure projects across national highways and railways, with a total cost of around Rs 7,052 crore. These include the construction of a four-lane Badvel–Nellore corridor with a length of 108.134 km at a cost of Rs 3,653.10 crore in Andhra Pradesh, and railway multitracking projects in Madhya Pradesh and Maharashtra costing Rs 3,399 crore. 'The approved Badvel–Nellore corridor will provide connectivity to important nodes in the three industrial corridors of Andhra Pradesh, i.e., Kopparthy Node on the Visakhapatnam–Chennai Industrial Corridor (VCIC), Orvakal Node on the Hyderabad–Bengaluru Industrial Corridor (HBIC), and Krishnapatnam Node on the Chennai–Bengaluru Industrial Corridor (CBIC). This will have a positive impact on the Logistic Performance Index (LPI) of the country,' a Cabinet statement said. The proposed corridor will reduce the travel distance to Krishnapatnam Port by 33.9 km—from 142 km to 108.13 km—compared to the existing Badvel–Nellore road. This will reduce travel time by an hour and lead to significant savings in fuel consumption, thereby lowering the carbon footprint and vehicle operating cost (VOC). Additionally, the Cabinet approved two railway projects: the Ratlam–Nagda third and fourth lines, and the Wardha–Balharshah fourth line, which are scheduled for completion by 2029–30. The two projects, covering four districts across Maharashtra and Madhya Pradesh, will add approximately 176 km to the existing Indian Railways network. 'The proposed multitracking projects will enhance connectivity to around 784 villages with a combined population of about 1.97 million,' the Cabinet said. It added that these are essential routes for transporting commodities such as coal, cement, clinker, gypsum, fly ash, containers, agricultural produce, and petroleum products. The capacity augmentation is expected to enable an additional freight traffic volume of 18.40 million tonnes per annum (MTPA).
