The Maharashtra government has signed a memorandum of understanding (MoU) with Malaysia-based CIDB Holdings for Nagpur-Mumbai Samruddhi Corridor. It is expected that the CIDB Holdings will invest sizable amount of funds from Rs.10,000 crore to Nagpur-Mumbai Samruddhi Corridor worth Rs.30,000 crore. The state government is expecting this project to see light of day by 2019. Interestingly, this project is based on land pooling model, which was earlier promoted by Andhra Pradesh government. Along the highway, 24 townships will be developed complete w ith basic amenities and related infrastructure. The government has sanctioned Rs.500 crore for each of these nodes, which works to Rs.12,000 crore. The MSRDC will be the executing agency for these nodes.
FlashNews:
REC Reports Record Half-Yearly Profit of ₹74.48 Billion
RAHSTA to submit policy recommendations to NHAI
Roads & Highways Builders book RAHSTA Expo
Are Projects facing a 90 percent barrier?
RAHSTA Forum sets the stage for groundbreaking discussions in roads infra
NBCC sells office/commercial space worth Rs. 14,800 Crore approx
RAHSTA Forum to kick off road and highway expo journey
Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
Land Pooling Sinks under Flip Flops!
Gods or Demi-Gods cannot prevent a stampede
RAHSTA to showcase cutting-edge road construction tech, says NCC Director
RAHSTA will drive road construction innovation: Sundaresan
Trimble MD champions digital solutions for industry growth at RAHSTA
Vipin Sondhi: Indian infra booms with road construction opportunities
RK Pandey promotes safe road development at RAHSTA launch
RAHSTA to pave the way for innovation in road construction: AK Singh, NHAI
Road construction leaders launch RAHSTA Expo 2024 in Delhi
Road construction industry launches RAHSTA Expo 2024 in Delhi
Road construction industry to launch RAHSTA Expo 2024
Home » Govt signs MoU for Samruddhi Corridor
Govt signs MoU for Samruddhi Corridor
Roads & Highways
August 1, 2016August 1, 2016
Leave a Reply
You must be logged in to post a comment.