Maharashtra plans Konkan Expressway construction at Rs 70k cr
07 Sep 2021
2 Min Read
CW Team
The public works department, led by senior Congressman Ashok Chavan, has proposed a Rs 70,000 crore plan to build a 400 km road connecting Mumbai and Sindhudurg via Raigad and Ratnagiri.
The project will reduce travel time between Mumbai and Sindhudurg from six to seven hours to three hours when completed.
Last year, the government asked the Maharashtra state road development corporation (MSRDC) to prepare a detailed project report, according to an order posted on the public works department's website on September 6. On August 25, the proposal was approved by the CM's high-level infrastructure committee.
Officials told the media that the E-way will boost coastal development.
A senior bureaucrat told the media that the Greenfield Konkan Expressway, as it will be known, is expected to cost Rs 70,000 crore. In two years, the detailed project report should be completed. The project, which will require 4,000 hectares of land, will take another four years to complete.
The Greenfield Konkan Expressway, according to the bureaucrat, will be built along the lines of the Balasaheb Thackeray Maharashtra Samrudhi Marg, which will connect Nagpur and Mumbai.
The bureaucrat told the media that the project was discussed in both houses of the state legislature, and it was suggested that the MSRDC be in charge of it because of its expertise in the field. The project's goal is to help the Konkan region develop further.
Mumbai is India's commercial and financial capital, but despite its proximity to the city, the Konkan region has seen little development due to a poor transportation and communication network.
Also read: Government laid 3,385 km national highways in FY22: MoRTH
The public works department, led by senior Congressman Ashok Chavan, has proposed a Rs 70,000 crore plan to build a 400 km road connecting Mumbai and Sindhudurg via Raigad and Ratnagiri.
The project will reduce travel time between Mumbai and Sindhudurg from six to seven hours to three hours when completed.
Last year, the government asked the Maharashtra state road development corporation (MSRDC) to prepare a detailed project report, according to an order posted on the public works department's website on September 6. On August 25, the proposal was approved by the CM's high-level infrastructure committee.
Officials told the media that the E-way will boost coastal development.
A senior bureaucrat told the media that the Greenfield Konkan Expressway, as it will be known, is expected to cost Rs 70,000 crore. In two years, the detailed project report should be completed. The project, which will require 4,000 hectares of land, will take another four years to complete.
The Greenfield Konkan Expressway, according to the bureaucrat, will be built along the lines of the Balasaheb Thackeray Maharashtra Samrudhi Marg, which will connect Nagpur and Mumbai.
The bureaucrat told the media that the project was discussed in both houses of the state legislature, and it was suggested that the MSRDC be in charge of it because of its expertise in the field. The project's goal is to help the Konkan region develop further.
Mumbai is India's commercial and financial capital, but despite its proximity to the city, the Konkan region has seen little development due to a poor transportation and communication network.
Image Source
Also read: Government laid 3,385 km national highways in FY22: MoRTH
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..