Economics
India Plans $5.3 Billion of Highways as Jams Sap Growth
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India is considering a 300 billion-rupee ($5.3 billion) plan to triple the length of its expressway network to ease traffic jams that are slowing trade, wasting fuel and sapping economic growth.
The country intends to add about 1,600 kilometers (1,000 miles) of roads with at least six lanes, Raghav Chandra, joint secretary at the Ministry of Road Transport and Highways, said in an interview on June 14. He didn’t give a timeframe for awarding construction contracts or for completing the projects.