UP to invest $4.25 billion on state highways

UP to invest $4.25 billion on state highwaysAgra, Jan 28 : Uttar Pradesh plans to invest Rs. 23,000 crore ($4.25 billion) on upgrading state highways and will build a new expressway linking Lucknow and Agra, Chief Minister Akhilesh Yadav said here Monday.

"We realise that we need to upgrade infrastructure in the state to facilitate industrial growth. We have an ambitious plan to invest Rs. 23,000 crore in upgrading state highways," Yadav said at the three-day partnership summit that began in the Taj City Sunday.

The chief minister said the state government also plans to construct a new expressway linking Lucknow and Agra, and connect all district headquarters with four-lane highways.

The proposed expressway is expected to cut down the journey time from Agra to Lucknow to three hours from more than six hours at present. The project is estimated to cost around Rs. 9,500 crore.

This will be the second high-speed road in the state after the Yamuna Expressway that connects Agra to Noida near the national capital New Delhi.

Yadav said his government aims to develop 16,000 megawatt of additional electricity generation capacity over the next five years to ensure uninterrupted power supply in the state.

"We plan to add more than 16,000 MW of generation capacity which will make uninterrupted power a reality," he said.

Yadav also announced development of two new airports near Agra and Kushinagar on public-private-partnership basis.

"Public-private partnerships will be a key plank for executing many of these large infrastructure projects which will in turn make our industries more competitive," he said.

Yadav said his government would create effective policies and upgrade infrastructure to attract investments.

"We are committed to provide an investor-friendly business environment which is marked by transparency and speedy decision making and approvals," he said. (IANS)


Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Popular Stories

Sufi legend Begum Yaman passes away at 52

New Delhi [India], Apr 28 : Famous sufi singer and... Read More

No farmer committed suicide over drought: TN Govt. to SC

New Delhi [India], Apr. 28 : In a development bound... Read More

Never took studies as 'burden', says JEE 2017 topper

Udaipur (Rajsthan) [India], Apr 28 : Kalpit Veerwal... Read More

Narada sting: ED files case against TMC leaders

New Delhi [India], Apr. 28 : After the Central... Read More

UP STF raids petrol pumps, eight caught using cheating chip

Lucknow (Uttar Pradesh), April 28 : The special... Read More

UP school issues bizarre diktat: Yogi haircut

Meerut (Uttar Pradesh) [India], Apr 28 : In a... Read More