Mumbai: MMRDA allocates Rs 2,111 crore for transport and infrastructure projects in budget 2022-2023
28 February 2022
MUMBAI: Crucial infrastructure works, including underground Metro corridor between Wadala-CSMT, an extension of Eastern Freeway till Thane, construction of coastal link road between Nariman Point-Cuffe Parade are likely to begin this year. Mumbai Metropolitan Region Development Authority (MMRDA) has sanctioned a substantial amount for these projects in Rs 18,404 crore budget for the financial year 2022-23.
MMRDA undertakes works on Metro corridors and road expansion projects, besides developing crucial infrastructure in Mumbai Metropolitan Region (MMR) that includes districts of Mumbai, Thane and Raigad.
The budget was approved in the 152nd authority meeting chaired by Urban Development minister Eknath Shinde
Metropolitan Commissioner SVR Srinivas said “We have presented budget with a deficit of Rs 7,680 crore. The expenditure proposed is Rs 18,404 crore as against the revenue estimated at Rs 10,724 crore.”
The shortfall will be met by borrowing through loans, revenue by leasing of land parcels, development charges, income from Metro projects that will be commissioned this year.
Srinivas said, "This budget mainly emphasized on implementation of public transport and vital infrastructural Projects for which Rs 2,111.30 crores have been earmarked.”
Amongst projects which will see work begin are the construction of a bridge from Nariman Point to Colaba/ Cuffe Parade, Metro Line 10 (Gaimukh to Shivaji Chowk),11 (Wadala-Thane),12 (Kalyan-Taloja), Extension of Eastern Free Way to Thane, Thane Coastal Road, Elevated Road from Anand Nagar to Kharegaon in Thane City, Kalyan Ring Road, Kopri-Patni Road, bride on Gorai Creek, Thane- Borivali Tunnel Link Road etc.
Srinivas said, “We hope to complete the tender process for these Metro corridors in six months. Metro 11 will have integration with Metro 4 (Thane-Ghatkopar-Wadala).”
The Detailed Project Report (DPR) for extension of Eastern Freeway till Thane is being prepared. MMRDA estimates that it will be able to finalise the DPRs and bids by August 2022.
The DPR for the construction of sea-bridge between Cuffe Parade and Nariman Point has been prepared and soon MMRDA will float tenders for which Rs 260 crore has been sanctioned in this budget.
MMRDA has also decided to spend Rs 210 crore this year on the 6 km long road project that will link Mumbai Trans Harbour Link Road to Mumbai-Pune Expressway from Chirle.
Srinivas said, “Allocations have also been made for concretisation of the Eastern Express Highway and Western Express Highway. We expect the work to begin by May 2022.”
Source: timesofindia.indiatimes.com
Share This:
Read all Thane Real Estate Latest News
To Know About Thane Real Estate Development Contact Us at 022 2580 6868