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Centre approves MTHL funding

In what may take the ambitious and long-pending Mumbai Trans Harbour Link (MTHL) closer to reality, the Centre’s empowered institution has approved, in principle, the viability gap funding for the project.

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In what may take the ambitious and long-pending Mumbai Trans Harbour Link (MTHL) closer to reality, the Centre’s empowered institution has approved, in principle, the viability gap funding for the project.

This means that the Mumbai Metropolitan Region Development Authority (MMRDA) can go ahead with issuing tenders for the bridge after it gets the necessary approvals. Additional Metropolitan Commissioner Ashwini Bhide confirmed that the empowered institution, of the finance ministry’s department of economic affairs, has okayed the project. The Centre has committed to a Rs1,920 crore viability gap funding and cleared the way for bids.

Following the approval, the project will be sent to the Centre’s committee and later to the union finance minister after which it can float the tenders. However, the MMRDA may have to reduce the concession period (the period in which the successful bidder can collect toll) to 35 years from the earlier 45.

The MTHL will be constructed on a PPP basis, the design, build, finance, operate and transfer way. It will provide better links to the proposed Navi Mumbai International Airport,  Pune, Goa, growth centres on the Konkan coastline and the southern states as well. It will also in help movement of cargo from the ports of Mumbai, JNPT and Rewas.

The bridge will cut short commuting time by 15kms and two hours.  The MMRDA claims that it will seek to develop Navi Mumbai and the mainland to decongest Mumbai. The project was earlier being implemented by the MSRDC but was later transferred to the MMRDA.

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