The Indian government has laid out concrete plans to build an astonishing 44 highways, with a combined distance of 27’000km, over the course of the next 6 years, impressive, right? The government has a view to make these newly built highways ‘economic corridors’ in a bid to allow for seamless movement of cargo vehicles, cut delays, deepen economic activities and create jobs. India’s big cities are rife with congestion, due to the countries uncontrollable levels population, so the government has to find ways of ensuring they can continue on the path of economic growth in conjunction with population growth. The government will be looking to also build new business hubs along the corridors in an attempt to spread businesses in India to different locations.
The government is seeking funding in several different ways including loans from agencies and private investments, the latter being something the Indian government is trying to improve nationwide.