JICA clears Rs 7,910 crore for Mumbai Trans Harbour Link

Image
IANS Mumbai
Last Updated : Mar 31 2017 | 9:28 PM IST

The Japan International Cooperation Agency (JICA) on Friday signed an agreement to release the first tranche of Rs.7,910 crore for the upcoming Mumbai Trans Harbour Link project, an official said here.

The agreement was inked between JICA and Mumbai Metropolitan Region Development Authority for the amount, which comprises around 45 pecent of the project, estimated to cost Rs 17,843 crore.

"This is a major boost to the MTHL as we have already shortlisted contractors who have been issued Request for Proposal for the execution of the project," said MMRDA Metropolitan Commissioner U.P.S. Madan.

A consortium of AECOM-DAR-PADECO-T.Y. Lin have been appointed as general consultants for the project in which JICA has committed to finance 85 percent of the cost.

The MTHL will be a six-lane, 27 metre wide, 22-km long sealink from Sewri to Nhava Sheva on the mainland affording fast links between Mumbai and Navi Mumbai, Raigad, Pune and beyond, to the upcoming new international airport and other major infrastructure and commercial projects.

In its budget for 2017-2018, the MMRDA has allocated an amount of Rs 1,200 crore for the implementation of MTHL, for which Prime Minister Narendra Modi laid the foundation stone last December.

It is due for completion in 2019 and will rank as India's longest sea bridge.

--IANS

qn/vd

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 31 2017 | 9:20 PM IST

Next Story