Maharashtra to construct Alibaug-Virar Multimodal Corridor project
26 Dec 2022
2 Min Read
CW Team
Following the completion of Phase 1 of the Nagpur Expressway, the Maharashtra government's attention has shifted to the long-delayed Alibaug-Virar Multimodal Corridor project. It is 127 kilometres long. The Maharashtra State Road Development Corporation (MSRDC), the project's implementing authority, is in talks with lenders including the Asian Development Bank (ADB).
The state Cabinet received preliminary approval last month to seek loans from the Housing and Urban Development Corporation (HUDCO) and other lenders. The construction is expected to begin next year.
The Multi-Modal corridor is a high-speed highway that connects Alibaug (in Raigad district) to Virar (in Palghar district). The 127-kilometre route will connect three districts: Raigad, Thane, and Palghar.
The entire green field road project was planned with the goal of diverting the large flow of cargo. Currently, freight exits the Jawaharlal Nehru Port Trust and becomes stopped on internal roadways in areas such as Thane and Navi Mumbai. In addition, the corridor will be linked to key national highways. This will improve connection for the movement of goods to various parts of India.
The Alibaug-Virar Multi-Modal Corridor will connect National Highways (NH)-8, NH-3, NH-4, the Bhiwandi Bypass, NH-4B, the Mumbai-Pune Expressway, and NH-17.
The Multi-Modal Corridor was conceived a decade ago and approved in 2012. However, work on the ground never began, and as a result of the delay, cost projections soared four times over the 2012 predictions. The project's current cost is expected to be Rs 55,564 crores (12,554 crores estimated in 2012). The Multi-Modal Corridor is now nearly as costly as the Samruddhi Mahamarg (Nagpur Expressway).
According to reports, the rising cost of land in the Mumbai Metropolitan Region has increased the cost of the plan. To buy 1,347.22 hectares of land, over Rs 21,000 crore will be required.
See also:
Maharashtra to connect almost every district in the next five years
Aurangabad-Pune expressway work to begin soon: Gadkari
Following the completion of Phase 1 of the Nagpur Expressway, the Maharashtra government's attention has shifted to the long-delayed Alibaug-Virar Multimodal Corridor project. It is 127 kilometres long. The Maharashtra State Road Development Corporation (MSRDC), the project's implementing authority, is in talks with lenders including the Asian Development Bank (ADB).
The state Cabinet received preliminary approval last month to seek loans from the Housing and Urban Development Corporation (HUDCO) and other lenders. The construction is expected to begin next year.
The Multi-Modal corridor is a high-speed highway that connects Alibaug (in Raigad district) to Virar (in Palghar district). The 127-kilometre route will connect three districts: Raigad, Thane, and Palghar.
The entire green field road project was planned with the goal of diverting the large flow of cargo. Currently, freight exits the Jawaharlal Nehru Port Trust and becomes stopped on internal roadways in areas such as Thane and Navi Mumbai. In addition, the corridor will be linked to key national highways. This will improve connection for the movement of goods to various parts of India.
The Alibaug-Virar Multi-Modal Corridor will connect National Highways (NH)-8, NH-3, NH-4, the Bhiwandi Bypass, NH-4B, the Mumbai-Pune Expressway, and NH-17.
The Multi-Modal Corridor was conceived a decade ago and approved in 2012. However, work on the ground never began, and as a result of the delay, cost projections soared four times over the 2012 predictions. The project's current cost is expected to be Rs 55,564 crores (12,554 crores estimated in 2012). The Multi-Modal Corridor is now nearly as costly as the Samruddhi Mahamarg (Nagpur Expressway).
According to reports, the rising cost of land in the Mumbai Metropolitan Region has increased the cost of the plan. To buy 1,347.22 hectares of land, over Rs 21,000 crore will be required.
See also:Maharashtra to connect almost every district in the next five years Aurangabad-Pune expressway work to begin soon: Gadkari
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..
Next Story
INDEA Lays Foundation for India鈥檚 First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..
