To commence work on the ambitious Rs 46,000-crore Mumbai-Nagpur Expressway from the originally planned date of October 1, 2017, implementing agency Maharashtra State Road Development Corporation (MSRDC) has decided to start making upfront payment R
MSRDC is the implementing agency for the 706-km road project that will require 10,000 hectares. It has appointed SBI Capital to assist in fund-raising.
The Maharashtra State Road Development Corporation (MSRDC) has terminated concession agreement for Mumbai-Pune phase II project, which had executed by company's wholly owned subsidiary Mhaiskar Infrastructure with the MSRDC on October 2014.
The Maharashtra cabinet on July 5, 2016, gave its approval to acquire land for the proposed Mumbai-Nagpur Super Expressway under a pooling model, wherein farmers will get around 30% of the developed land elsewhere, R
The Maharashtra Cabinet on July 5 gave its approval to acquire land for the proposed Mumbai-Nagpur Super Expressway under pooling model, wherein farmers will get around 30 percent of the developed land elsewhere, which could be used for setting up industrial or other units
The compensation will be paid by the Maharashtra State Road Development Corporation (MSRDC) and the Public Works Department (PWD) to contractors managing the toll booths.
The Committee meeting chaired by Chief Minister Devendra Fadnavis was attended by Cabinet Ministers Chandrakant Patil, Eknath Shinde, Girish Mahajan, Prakash Mehta and Minister of State for Finance Deepak Kesarkar.
The route under the Thane project stretches from Wadala-Ghatkopar-Thane-Kasarvadavali.
The government earlier in the week allowed developers to divest 100 percent equity in projects two years after completion to fast-track award and implementation of highway projects in the country by making additional funds available for investment in projects.
The company has also said that it is handing over the Kharpada Bridge project to the government on successful completion. Concession period for the Kharpada Bridge Project expires on August 28. The project was awarded in 1997.
Chief Minister Devendra Fadnavis had recently formed a infrastructure panel and it is expected that the financial issue relating to MSRDC will also be raised in its first meeting.
Maharashtra Public Works Department Minister Chandrakant Patil said that a digital mechanism will be adopted before awarding road contracts, where the government will calculate the average number of vehicles plying on a particular stretch of road to avoid getting inflated bills from contractors.
In an interview with CNBC-TV18, Nitin Patel, ED, Sadbhav Engineering said, the company‘s current order book stands at close to Rs 7,900 crore and it will be completed over the next two years.
Anil Ambani met Maharashtra Chief Minister Prithviraj Chavan in the backdrop of reports that the Maharashtra State Road Development Corporation (MSRDC) was mulling a coastal road from Worli to Haji Ali and from Haji Ali to Nariman Point.