India to link highway corridors to international trade points for ₹25,000 crore

To facilitate trade with bordering countries like Nepal and Bangladesh, India will link its major highway corridors to international trade points at a cost of Rs 25,000 crore, Union Minister Nitin Gadkari said.

About 2,000 kms of highways will be constructed under the plan.

The project is part of the Bharatmala Pariyojana, he added.

The Cabinet on October 25 had approved a mega plan to build 83,677 kms of highways by March 2022 at a cost of about Rs 7 lakh crore, which includes the ambitious Bharatmala project at a cost of about Rs 5.35 lakh crore.

Earlier this month, Gadkari had said that India has proposed USD 1 billion line of credit to promote sea, air and road connectivity projects with Asean countries.

Apart from this, India has set up a project development fund of USD 77 million to develop manufacturing hubs in Cambodia, Laos, Myanmar and Vietnam.