[ecis2016.org] The CIDCO board has given its approval for several projects, including a coastal road from Kharghar to Belapur, as well as the detailed project reports for the Khandeshwar-Taloja MIDC metro and the Pendhar-Taloja MIDC metro corridors
Navi Mumbai town planning authority, the City and Industrial Development Corporation (CIDCO), is planning to build a coastal road to connect Kharghar with Belapur, at an estimated cost of Rs 273 crores. The 9.5-km road will be developed in two phases and the bid tenders will soon be out, the authority said.
You are reading: CIDCO to build a Rs 273-crore coastal road in Navi Mumbai
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“Our board has already given the approval for the project, which will not just decongest the city but also become a catalyst for growth of Navi Mumbai,” CIDCO said in the statement.
CIDCO is currently undertaking various developmental works, including the under-construction Navi Mumbai international airport, metro corridors, corporate parks and mass affordable housing projects, among others. Meanwhile, the authority has also approved the detailed project report, prepared by state-run RITES, for two metro lines – the 7.12-km Khandeshwar-Taloja MIDC line 2 and the 3.87-km line 3 from Pendhar to Taloja MIDC. The authority has also proposed four more metro corridors (lines 2, 3 and 4) to be built at a cost of Rs 2,820.20 crores, Rs 1,850.14 crores and Rs 1,270.17 crores, respectively.
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“However, the DPR for line 4 from Khandeshwar to the Navi Mumbai international airport, with a length of 4.17 kms, is kept on hold and decision on the same will be taken on a timely basis,” it said. The authority further said the work on the 11-km line 1, connecting Belapur to Pendhar, was on in full swing and will be completed as per schedule. As per the approved funding pattern for metro lines 2 and 3, the special purpose vehicles that will be set up for the projects, will receive 20 per cent funding share each, from the central and state governments, with the balance 60 per cent being borne by CIDCO. However, for metro line 3, balance funding will be shared by MIDC along with CIDCO, on a proportionate basis.
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
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