India, June 4 -- The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the construction of a new coastal highway connecting Rameshwar and Paradeep in Odisha at a total cost of Rs 8,300.79 crore under the Hybrid Annuity Model (HAM).
The project will be developed in two packages covering a total length of about 160 km across the districts of Khurda, Puri, Kendrapada, and Jagatsinghpur. The highway will feature a four-lane stretch from Rameshwar to Konark and a two-lane road with paved shoulders from Konark to Paradeep.
The new corridor is aimed at overcoming congestion and poor road geometry along existing routes, particularly in the Puri–Satapada and Puri–Konark sections, where growing...