look news india
One of the largest ever investments in infrastructure sector has been announced to take Telangana’s development model to a new height. An ambitious road project worth Rs 14,500 crore has been approved to make connectivity in the state world class and to boost economic activities. Under this huge mega project, new highways and expressways will be constructed connecting major cities, industrial areas and rural areas of the state. Experts believe that after this project gets off the ground, Telangana will emerge as a big business and logistics hub not only in South India but in the entire country.
This project will prove to be a game changer for the local trade and logistics sector. The biggest benefit of this Rs 14,500 crore road project is going to be the business world of Telangana. Due to better and wider roads, there will be a huge reduction in logistics cost and time will also be saved. Strengthened connectivity between major business centers like Hyderabad, Warangal, Nizamabad and Khammam will provide local industries direct access to the global market. Along with this, farmers of agricultural areas will get the facility to easily transport their crops to nearby big markets, which will increase their income and provide a new boost to the rural economy.
Expectation of new employment opportunities and a huge boom in the real estate market. This infrastructure project, which is going to be started on such a large scale, will create thousands of new employment opportunities in the state. Not only will the local youth get direct employment during the construction work, the development of new commercial zones, dhabas, petrol pumps and logistics parks along the highway will also open avenues for indirect employment. Apart from this, the real estate market in the geographical areas through which these new roads will pass is witnessing a sudden boom. With the rise in land prices and the arrival of new residential projects, there is every possibility that a new phase of economic prosperity will begin at the local level.
Modern rejuvenation of transport system and passengers will get great relief from jam. According to Transport Department officials, under this project, modern technology will be used in the construction of roads, which will make the journey safe and comfortable. Elimination of black spots (accident prone areas) and construction of flyovers at major intersections will reduce accidents. The routes connecting the outskirts of Hyderabad and the Ring Road are being specially upgraded so that long distance vehicles do not have to deal with traffic jams within the city. This highway network will also better connect Telangana with neighboring states like Andhra Pradesh, Karnataka and Maharashtra, giving a new dimension to inter-state transportation.