Mumbai-Pune expressway concession agreement inked at Rs 90 billion

At Rs 90 bn, agreement is worth 10 times the earlier pact

The Maharashtra State Road Development Corporation (MSRDC) has signed a concession agreement for Mumbai-Pune Expressway at Rs 90 billion, almost 10 times of the Rs 9.18 billion worth agreement inked in 2004. The 15.5-year agreement for India’s first expressway will come into force from September next year after the contract of the current toll manager, IRB’s Mhaiskar Infrastructure, ends in August.

The agreement between MSRDC, the government agency for the expressway and other road projects in Maharashtra, and its newly created subsidiary Mumbai-Pune Expressway (MPEL) is for the tolling rights and operations and maintenance of two parallel roads from Mumbai to