Project to cost Rs.4,447.38cr
The Cabinet Committee on Economic Affairs (CCEA) has approved the construction of 4-lane greenfield access-controlled Mokama-Munger section of the Buxar-Bhagalpur High-Speed Corridor Bihar on Hybrid Annuity Mode (HAM) https://www.commerce.gov.in/.
The 82.4-km project will cost Rs.4,447.38 crore, the CCEA said on 10 Sept.
The section passes through or provides connectivity to important regional cities such as Mokama, Barahiya, Lakhisarai, Jamalpur, Munger connecting to Bhagalpur https://www.conexpoconagg.com/.
The Munger–Jamalpur-Bhagalpur belt in Eastern Bihar is emerging as a key industrial region focusing on ordinance factory (Existing gun factory and 1 more proposed as part of Ordnance Factory Corridor by Ministry of Defence), locomotive workshop (in Jamalpur), food processing (e.g., ITC in Munger) and related logistics & warehousing hubs https://www.bseindia.com/.
Bhagalpur stands out as a textile and logistics hub, led by Bhagalpuri silk (details of proposed textile ecosystem in Bhagalpur. Barahiya is emerging as a region for food packaging, processing and agro-warehousing. The increased economic activity in the region is expected to drive up the freight movement and the traffic on the Mokama-Munger section in the future https://ted.europa.eu/en/.
The 4-lane access-controlled corridor with close tolling, supporting average vehicular speeds of 80 km/h with design speed of 100 km/h will reduce the overall travel time to approximately 1.5 hours, while offering safer, faster, and uninterrupted connectivity for both passenger and freight vehicles https://www.nseindia.com/.
The proposed project with 82.40 km will generate about 14.83 lakh man-days of direct employment and 18.46 lakh man-days of indirect employment. The project will also induce additional employment opportunities due to increase in economic activity in the vicinity of the proposed corridor. Fiinews.com
