World Bank shows interest in infrastructure projects in Mumbai
With the infrastructure development booming in Mumbai, the apex financial institute, World Bank shows interest in financing two mega projects in Mumbai.
The projects include the Virar-Alibaug road-rail corridor and the development of 12 urban growth centres as satellite cities of Mumbai.
The growth centres are planned in distant suburbs of Mumbai such as Kalyan, Virar and Navi Mumbai. These centres will help in decreasing the traffic congestion in the city.
The corridor will offer the fastest connectivity between the two extreme ends of the metro region. It will be helpful for the commuters. The proposed corridor will be laid from the Diva-Vasai rail line intersection on NH-8 (Ahmedabad highway) up to Alibaug. The total distance will be about 140 km.
A request of around Rs 5,000 crore has been made by the state CM for the Rs 13,000-crore multi-modal corridor project.
An initial round of talks is over with the state and central authorities. The final decision will be taken after studying the projects’ viability, land acquisition and other plans.
Now, three things have to be in process before the final call. They are resettling people affected from this project, the capacity and planning of the implementing agency, and transparency and public communication.
As per Mumbai Metropolitan Region Development Authority, technical and financial reports of the corridor project is done along with the implementation strategy. Alternative alignment plan is also over. Surveys, designs of the alignment, toll plaza and interchanges have also been completed.
Also recently, Maharashtra Government has given green signal to the Churchgate-Virar rail project. The elevated corridor project is meant to ease the city’s suburban rail traffic. The announcement of the approval was pending for quiet a few days.
The Rs 21,000 crore budget project will be implemented by the railways and the state government would help in land acquisition, relief and rehabilitation work, shifting of utilities, legal and order maintenance during construction, development of concourse area and fixing the FSI for commercial development of stations.
The railway corridor from Churchgate to Virar will be Indian Railways’ first and India’s largest public-private partnership initiative in the passenger segment. The corridor will have 26 stations of which five will be underground, nineteen elevated and two at ground level.
Although, the project will be outsourced to a private player, the land required for the proposed project is said to be provided by the Indian railway and the Maharashtra government; as the private developer would not be able to recover the cost of the project from the fares.
Many infrastructure giants like L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra and CAF South Africa are already going head over heels to bag Mumbai’s upcoming elevated rail corridor project.
Related Infrastructure News:
State government approves Churchgate-Virar rail project
Mumbai rail corridor project attracts infrastructure majors
Navi Mumbai-CST direct rail link by January end
Apartments in Mumbai, Churchgate, Diva-Vasai rail line, infrastructure projects in Mumbai, Kalyan, Mumbai, Mumbai elevated rail corridor project, Mumbai Metropolitan Region Development Authority, Navi Mumbai, Oval Miadan, Projects in Mumbai, rail corridor project, rail corridor project in Mumbai, status of mumbai rail corridor project, Virar, Virar-Alibaug road-rail corridor, World bank
This is really a great information. I think future of Mumbai Infrastructure is depend upon some good Infrastructure Companies in Mumbai.
[...] World Bank shows interest in infrastructure projects in Mumbai [...]