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Invest in Samruddhi Corridor, Maha CM tells bankers

Press Trust of India  |  Mumbai 

The today appealed to banks and financial institutions to invest in the ambitious Nagpur-expressway.

Chief Minister Devendra Fadnavis made the appeal while addressing a meeting of representatives of banks and financial institutions at a five-star hotel here.

The project, also called Samruddhi Corridor, is a 700- km expressway connecting with

During the meeting, Fadnavis also answered questions asked by the representatives. The queries related to farmers' opposition to land for the expressway and their agitation, the project being challenged in court, bidding process and financial planning, among others, an official from the Chief Minister's Office said.

Fadnavis told the participants the project has the capacity to change the scenario of the 10 districts of and through which it will pass.

He said international companies will set up their industries along the corridor and 24 smart cities proposed along the route will become hubs of development.

"As Samruddhi Corridor aims to bring prosperity for farmers, bankers should come forward and extend a helping hand to the project," Fadnavis said.

Officially called the Super Communication Expressway (NMSCE), the project is estimated to cost Rs 46,000 crore and will pass through Nagpur, Buldhana, Amravati, Wardha, Washim, Thane, Aurangabad, Akola, Bhiwandi and Nashik districts.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 13 2017. 23:02 IST