Mumbai Port Trust (MbPT) will free 150 hectares from its land parcel for iconic infrastructure projects such as entertainment hubs and all weather marina project.
The Union Finance Ministry has sanctioned viability gap funding of Rs 1,920 crore for the Mumbai trans-harbour link, the Mumbai Metropolitan Region Development Authority (MMRDA) has said. The project, estimated to cost Rs 9,630 crore, will be implemented on public-private partnership mode. The construction period will be for five years.
The Mumbai Trans Harbour Link (MTHL) is set to become the highest toll-generating project in the state, roping in a whopping Rs 1.1 crore as toll everyday. This is about double the toll collected from the five entry points in Mumbai and the Mumbai-Pune Expressway,