The 710km high-speed road corridor, connecting two key cities of the State and costing Rs 46,000 crore, will pass through nearly a dozen districts, most of them spread over backward Vidarbha and Marathwada regions.
The Maharashtra Government will finalise its DPR by the end of this month and float tenders in October, he said.
"The project will usher in prosperity, boost agro- based industries, attract globally competitive manufacturing units in Vidarbha and Marathwada, create thousands of job opportunities directly and indirectly for youth and put Maharashtra ahead of other States by at least 20 years in terms of infrastructure and economic growth," he said.
Fadnavis was talking to a group of regional editors at State Guest House 'Sahaydri' in Mumbai on Monday. He also made a power point presentation on the project on the occasion.
The expressway will start from Nagpur and pass through 30 talukas of Wardha, Amravati, Washim, Buldana, Jalna, Aurangabad, Ahmednagar, Nashik and Thane districts.
It will have 22 nodes or prosperity hubs where truck terminus, commercial facilities, knowledge city, IT industries, and manufacturing units will come up, Fadnavis said.
The six-lane highway would require 9,000 hectares of land. "So far, the response from farmers, particularly those from dry-land areas, has been excellent," Fadnavis stated.
The land pooling model is being implemented by the Government in Andhra Pradesh for building a new riverfront capital city of Amaravati.
"The Maharashtra Government, in its GR issued on July 5, 2016, has spelt out the details (on land acquisition). There will be no project affected person," he said.
Later, interacting with a select group of senior
journalists, Fadnavis said the expressway would connect hinterland in Maharashtra with ports like JNPT.
"At present, 70 per cent freight movement and 85 per cent passenger traffic is through surface transport. As against international average of 600-800km/day, freight moves at leisurely pace of 250-300km per day in Maharashtra, making it costlier and economically unsustainable.
"But this access-controlled super expressway will bring freight movement in Maharashtra at par with developed world and reduce cost to one third or one fourth."
Making a separate presentation, MSRDC Vice-Chairman and MD Radheshyam Mopalwar said "consent of farmers (for parting with land) from most places is coming in a big way and after tenders the actual work will start in January 2017 and civil work completed before October 2019".
MSRDC will pay farmers a sum of Rs 20,000 per acre annually for single crop non-irrigated agricultural land for 10 years. For irrigated agricultural land with a minimum two crop cycles, farmers will be offered a compensation of Rs 40,000 per acre per annum for a period of 10 years, he said.
Collectors and entire revenue machinery of the 10 districts which will benefit from the venture are holding regular meetings with farmers and explaining them the benefits of land pooling, Mopalwar said.
All major financial institutions, both Indian and foreign, are interested in financing and executing the project, the MSRDC chief maintained.
"But in the first phase, we will strengthen the net worth of MSRDC by transferring some land assets to it to raise funds from financial giants like SBI which has agreed to provide Rs 11,000 crore.
Mopalwar said even Korean, Chinese and Malaysian financial institutions have shown interest in lending money.
The Chief Minister said no land near Bandra-Worli sea link in Mumbai is being sold as speculated in some quarters.
In fact, about 30 acres of land near the sea link, which has been partially encroached by slum-dwellers, has been fenced to save it from further encroachments, he said. "This land will be transferred to MSRDC to makes its assets side stronger and in no case it will be sold.
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