Union Government Proposes ₹26,000 Crore for Major Road Projects in Bihar
Team Finance Saathi
23/Jul/2024

Key Points
₹26,000 Crore Investment: Union government allocates ₹26,000 crore for road projects in Bihar.
Key Road Projects: Includes Patna-Purnea expressway, Buxar-Bhagalpur highway, and a new Ganga river bridge.
Industrial Corridor Support: Development of an industrial node at Gaya as part of the Amritsar-Kolkata corridor.
In a significant move to boost infrastructure and regional development in Bihar, the Union government has proposed an investment of ₹26,000 crore for several critical road projects. This major allocation is aimed at enhancing connectivity and stimulating economic growth in the state.
Overview of the Investment
The proposed funding will support the development of several key infrastructure projects, reflecting the government's commitment to improving road connectivity in Bihar. This investment includes:
Patna-Purnea Expressway: A vital roadway that will enhance connectivity between Patna and Purnea, facilitating smoother transportation and promoting regional development.
Buxar-Bhagalpur Highway: This project aims to improve the highway connecting Buxar and Bhagalpur, which is expected to reduce travel time and boost trade and commerce in the region.
Bodhgaya-Rajgir-Vaishali-Darbhanga Road: A significant development aimed at connecting major religious and historical sites, which could also boost tourism.
Two-Lane Bridge Over Ganga in Buxar: An additional bridge will be constructed over the Ganga river in Buxar, addressing existing transportation challenges and enhancing regional connectivity.
Also Read : Income Tax Budget 2024: Nirmala Sitharaman’s Key Announcements and Impacts
Support for the Amritsar-Kolkata Industrial Corridor
As part of the broader initiative to bolster industrial development, the Union government will support the establishment of an industrial node at Gaya. This move is part of the Amritsar-Kolkata industrial corridor, a major infrastructure project designed to stimulate economic growth by improving connectivity across several states. The inclusion of Gaya in this corridor is expected to foster industrial activities and create job opportunities in Bihar.
Impact and Expectations
This substantial investment is anticipated to have a transformative impact on Bihar's infrastructure landscape. The development of these road projects will not only improve transportation and connectivity but also contribute to the state’s economic development. Enhanced road infrastructure is likely to attract more businesses, facilitate trade, and improve the overall quality of life for residents.
In summary, the Union government's commitment to investing ₹26,000 crore in Bihar’s road projects marks a significant step toward improving infrastructure and regional development. By focusing on key projects like the Patna-Purnea expressway, Buxar-Bhagalpur highway, and the Ganga river bridge, the government aims to create a more connected and economically vibrant Bihar.
Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates
Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX & Upstox.