It is on Design-Build-Finance-Operate-Transfer (DBFOT) Mode, said a PIB release.
“The approval of the 4-lane Badvel-Nellore Corridor by the Union Cabinet is a major step forward in our state’s growth,” said Naidu in a post on ‘X’, expressing gratitude for the Centre’s support in fast-tracking vital infrastructure.
Naidu on Wednesday said that the four-lane corridor would boost regional connectivity and significantly contribute to state’s economic growth, infrastructure development, and youth empowerment across multiple districts and rural belts.
PM Modi, in a post on ‘X’ said: “The 4-Lane Badvel-Nellore Corridor, whose construction has been approved by the Cabinet will benefit the development journey of Andhra Pradesh and generate several opportunities for the youth of the state.” The proposed corridor will reduce the travel distance to Krishanpatnam port by 34 km from 142 km to 108 km as compared to the existing Badvel-Nellore road, the release said. PTI MS STH ADB