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Dream bridge will fill up MSRDC coffers

Published: Friday, Jul 3, 2009, 1:19 IST
By Ninad Siddhaye | Place: Mumbai | Agency: DNA

The Maharashtra State Road Development Corporation (MSRDC) is all set to get financial benefits from one of its biggest and most-delayed projects — the Bandra-Worli Sea Link.

According to top officials, since the next phase of the sealink connecting Worli and Haji Ali is on build-operate-transfer basis, the organisation should get a huge boost financially.

MSRDC vice-chairman and managing director Satish Gawai told DNA that he was expecting the financial health of the organisation to improve after the completion of the bridge.

“The consortium which will construct the Worli-Haji Ali link will have to buy the Bandra-Worli Sea Link at Rs1,634 crore. Though there is a viability gap of Rs1,392 crore in the Worli-Haji Ali Sealink project, the state government is committed to pay it from its own budget. We are also expecting around Rs840 crore from the state government which is outstanding for the Bandra-Worli Sealink. Considering the importance given to infrastructure projects in the city, we are expecting to get some financial benefit from them,” Gawai told DNA.

MSRDC, which is in a severe cash crunch for the past few years, is now expecting the state government to come to its rescue. During the inauguration of BWSL, MSRDC chairperson and minister of public works (public enterprises) Vimal Mundada had urged the central government to provide financial aid to Mumbai Trans Harbour Link (MTHL)- a 22-km-long sealink connecting Sewri and Nhava Sheva.
Officials said though the state government is talking of huge infra projects to make Mumbai a world class city, it is not taking care of MSRDC - its own premier infrastructure organisation.

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