Union Minister is planning to execute massive projects by 2024, 3 lakh Crore would be used on road construction in AP. It will help the business to increase and expand particularly the container traffic as formerly the railways were jammed.
Nitin Gadkari Union Minister of Road Transport and highways mentioned, that the speed limit for vehicles on expressways will be increased to cut the fuel costs and even logistics costs, reported on Thursday.
Rules and regulations will be changed. It is addressing a public meeting after laying the foundation stone for numerous road development projects in Andhra Pradesh which is approximately worth around Rs. 21,559 crores. High logistics cost was proving a major issue for Indian exports, which got noted by Union Minister.
Logistics cost is 16- 18 percent and in China its around 8-10 percent, in Europe and USA it is 12 percent. One of the problems exports deals with is the cost is high. They are planning to accept this as a challenge and to decrease the linguistics cost by around 8-10 percent.
Nitin Gadkari Union Minister of Road Transport and highways disclose, High logistics cost was proving a major issue for Indian exports.
Gadhkari Disclose Future Plans for Logistics Sector.
Â Waterways and ports are major, road construction is equally having its importance. When it comes to development concerns, they expressed not to discriminate against anybody as the country belongs to everybody.
3 lakh Crore would be used on road construction in AP by 2024. AP role is quite essential in making India economically strong, it is planned to be extended with 100 percent support for road development in the state.
He made a remark explaining that strong political is quite essential to build good infrastructure projects. He referred to the significant greenfield expressway projects for AP, in 465km expressway between Raipur and Visakhapatnam, cover Chhattisgarh Odisha and AP which will be built at the cost Rs. 16,102 Cr. This will help the business to increase and expand particularly the container traffic as formerly the railways are jammed
Greenfield expressways are underway between Vijayawada and Nagpur in the distance, 405 km and cost 15,000 Cr.
Greenfield expressways are underway between Vijayawada and Nagpur in the distance, 405 km and it approximately cost 15,000 Cr, Hyderabad and Visakhapatnam cost Rs. 6,000 crores, Chittoor and Trichur distance were 116km which costing Rs. 5,000 Cr, and Bengaluru and Chennai through AP around Rs. 17,000 Cr. As these roads would provide some help in the development of backward regions and the trade as well.
Some Minister such as Culture Minister G Kishan Reddy, state Roads and buildings Minister M Shankara Narayana, AP Chief Minister Y S Jagan Mohan Reddy, and including Union Tourism planned and spoke, even the Union Miniter of State for Road Transport Gen VK Singh convey the approach to do a meeting through video link from New Delhi.
He initiated the 2 km long second fly at Benz Circle Junction in Vijayawada city, which is built for Rs. 96 Cr. They even discussed the road development proposals at the Chief Minister camp office.