All you need to know about top infra projects in Maharashtra

Maharashtra, the wealthiest most industrialised state, is one of the highest contributors to the overall economy of the country. Over the years, the contribution of the real estate and construction sectors in the Maharashtra’s overall GDP has grown significantly. Construction projects stimulate activity in the entire economy and the Maharashtra Government has been pushing for developing world-class infrastructure. Let’s take a look at the major infrastructure projects being executed in Maharashtra. Samruddhi Mahamarg Project cost: Rs 46,000 crore Implementing agency: MSRDC The Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg is being developed to create connectivity to the last mile with the best public transport facilities for quick and easy movement of people and goods. The expressway will enable a large population to have easy access to major centres in Maharashtra. The expressway will pass through 10 districts and will connect Nagpur to Mumbai and will have direct connectivity with the country’s largest container port – JNPT. Mumbai Trans Harbour Link Project cost: Rs 14,262 crore Implementing agency: MMRDA The Mumbai Trans Harbour Link, also known as the Sewri Nhava Sheva Trans Harbour Link, is an under-construction 21.8 km (13.5 mi) freeway grade road bridge connecting the Indian city of Mumbai with Navi Mumbai. The project will be linked to the Mumbai-Pune Expressway in the East, and the proposed Western Freeway in the West. It will help decongest Mumbai and will reduce the commuting distance from Churchgate to Navi Mumbai from 40 minutes to 20 minutes. The project is expected to be completed by 2023. After completion, MTHL will be the longest bridge/sea link in India. Mumbai Coastal Road Navi Mumbai International Airport Project cost: Rs 16,000 crore Implementing agency: CIDCO The Navi Mumbai Airport is a 1,160 hectare under construction greenfield aerotropolis being built at Ulwe Kopar-Panvel in the state. The first phase of the airport will be able to handle 20 million passengers per annum (mppa). It will be expanded to its final capacity to handle more than 90 mppa. The project is expected to become operational by 2023. Facilities at the airport will include cargo terminal buildings, two parallel runways for independent operations, taxiways, an apron area, cargo complex, aircraft maintenance site and long-term aircraft parking, as well as additional infrastructural facilities such as car parking, a power supply system and water treatment plant. Delhi Mumbai Industrial Corridor Project cost: Rs 634,858 crore Implementing agency: DMIC Development Corporation (DMICDC) This project is one of the most ambitious infrastructure projects in India planned between Delhi and Mumbai. It is being developed at an estimated investment of US$ 90 billion and is planned as a high-tech industrial zone spread across six Indian States, as well as Delhi. It includes 24 industrial regions, eight smart cities, two international airports, five power projects, two mass rapid transit systems, and two logistical hubs. Mumbai Ahmedabad High-Speed Rail Project cost: Rs 108,000 crore Implementing agency: NHSRCL The Mumbai-Ahmedabad High-Speed Rail Corridor is a 508.17-km under-construction high-speed rail line connecting Mumbai with the city of Ahmedabad through 12 stations at an estimated cost of Rs 1.1 lakh crore. Trains on the line will operate at a speed of 320 kmph on an elevated viaduct 10-15 m above the ground except in Mumbai where the line will be built underground using three mega tunnel boring machines (TBM). Between Mumbai and Thane stations, the line will run under the sea at Thane Creek for roughly 2 km. Twelve proposed stations along the route include Bandra Kurla Complex, Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Baroda, Anand, Sabarmati and Ahmedabad. When completed, it will be India's first high-speed rail line. Large scale business opportunities can be crated by encouraging large construction projects and innovative finance, but infrastructural projects have long gestation periods and require huge investments. Ideas important for the growth of Maharashtra’s economy, creating new jobs in the construction, manufacturing and service sectors, and moreover, financing these projects will be discussed at a virtual conference on April 28 called Construction World Maharashtra. Organised by Construction World, the conference will discuss in detail the theme:. ‘Creating large scale business opportunities in Maharashtra by encouraging large construction projects and innovative finance.’ Panellists at the session include: Arun Nanda, Chairman, Mahindra Lifespace Developers & Mahindra Holidays & ResortsAnkur Gupta, President, KATERRABharat Parekh, Executive Director, Infrastructure Research, CLSAAnshuman Magazine, Chairman & CEO, CBRE IndiaPratap Padode, Editor-in-Chief, Construction WorldSuresh Prabhu, India’s Sherpa to G7 and G20 and Former Union Minister, Govt. of India (Held 10 Cabinet Positions, 6 times MP - 4 Lok Sabha & 2 Rajya Sabha)Anuj Puri, Chairman, Anarock Property Consultants Some of the biggest names from government, public and private sectors will discuss and provide insights on various aspects of this focus theme, shedding light on perspectives that include business opportunities, infrastructure finance, and project status Construction World Maharashtra will bring on the same platform some of the world’s largest project developers, construction companies, architect firms, investment banks and private equity firms. Discussions will revolve around three themes: -Creating large scale business opportunities in Maharashtra by encouraging large construction projects and innovative finance. -Megaproject opportunities in Maharashtra with a deep-dive into Mumbai eastern waterfront: Port redevelopment and future possibilities along the eastern waterfront. -Secured Governance / Urban equity withdrawal project financing through asset monetisation. Click here to register for the conference.