Cabinet Approves 6-Lane Greenfield Nashik-Solapur-Akkalkot Corridor Project Worth ₹19,142 Crore

The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has approved the construction of a 6-lane greenfield access-controlled corridor connecting Nashik, Solapur, and Akkalkot in Maharashtra.  

This ₹19,142 crore project spans 374 km and aims to enhance regional connectivity and logistics efficiency. 

Project Details and Connectivity Enhancements 

The Nashik-Solapur-Akkalkot corridor is designed to improve travel efficiency and reduce travel time by 17 hours. The project will connect key regional cities, including Nashik, Ahilyanagar, and Solapur, and link to major corridors such as the Delhi-Mumbai Expressway and Agra-Mumbai corridor.  

This infrastructure development aligns with the PM Gatishakti National Master Plan, facilitating integrated transport infrastructure. 

Economic and Employment Impact 

The corridor is expected to generate approximately 251.06 lakh man-days of direct employment and 313.83 lakh man-days of indirect employment. The project will also stimulate additional employment opportunities due to increased economic activity in the surrounding regions.  

The enhanced connectivity will improve logistics efficiency for freight originating and terminating at major National Industrial Corridor Development Corporation nodes. 

Design and Safety Features 

The 6-lane access-controlled corridor will feature close tolling and support average vehicular speeds of 60 km/h, with a design speed of 100 km/h.  

This will significantly reduce travel time, congestion, and operating costs, offering safer and faster connectivity for both passenger and freight vehicles. 

Read More: SEBI Recognises NHAI Projects as Public InvITs! 

Infrastructure and Economic Development 

The project will enhance basic infrastructure in the Nashik, Ahilyanagar, Dharashiv, and Solapur districts, contributing to the overall economic development of these regions. By providing a high-speed corridor, the project aims to facilitate uninterrupted traffic movement and improve safety standards. 

Conclusion 

The Cabinet's approval of the Nashik-Solapur-Akkalkot corridor marks a significant step in improving regional connectivity and logistics efficiency in Maharashtra. The project is set to enhance infrastructure and economic development, benefiting both passenger and freight transport. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.