After acquiring land, the Mumbai Metropolitan Region Development Authority (MMRDA) is all set to begin work on the ambitious 126-km Virar-Alibaug multi-modal corridor in phases.
After acquiring land, the Mumbai Metropolitan Region Development Authority (MMRDA) is all set to begin work on the ambitious 126-km Virar-Alibaug multi-modal corridor in phases.
The road will connect the Mumbai Trans Harbour Link (MTHL), proposed Navi Mumbai international airport, Delhi Mumbai Industrial Corridor (DMIC) and growth centres in the region including Kalyan, Dombivli and Panvel.
Though the MMRDA has claimed that the first phase was expected to be completed by 2017-18, an official said it would be complete only after 2019.
The multi-modal corridor will be executed in two stages. The first phase will connect Kalyan, Dombivli and Panvel through the 79-km Navghar (Virar)-Chirner phase and will cost Rs9,326 crore. It will be executed on a PPP basis and has been granted administrative approvals.
The second phase from Chirner to Alibaug (47km) will cost Rs3,649crore.
The project will need around 1,261 ha with land acquisition costs of Rs1,800 crore. A senior MMRDA official said they planned to execute work on the project in phases depending on the stretch of land acquired. “Work on the road can begin in parts where land acquisition has been completed,” said the official.
He added that the work, which would gradually progress as more land was acquired, would also help protect the land which had been taken over from encroachments. “The work will begin soon after the land acquisition is complete,” said the official.
The first phase will be given 40% viability gap funding (VGF) (Rs3,731 crore) of the cost, with equity (Rs1,679 crore) and debt (Rs3,917 crore) making up the rest.
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