+
Maharashtra Clears Rs 317.93 Bn For Virar Alibaug Corridor
ECONOMY & POLICY

Maharashtra Clears Rs 317.93 Bn For Virar Alibaug Corridor

Maharashtra has granted administrative approval for phase one of the 14-lane Virar-Alibaug Multi-Modal Transport Corridor, an access-controlled route to improve connectivity across the Mumbai Metropolitan Region and link the Jawaharlal Nehru Port Authority, Navi Mumbai International Airport and the Mumbai Trans Harbour Link. The first phase spans 126.06 km and is estimated at Rs 317.93 billion. The Urban Development Department lists the construction cost at Rs 215.34 billion.

The alignment is proposed through 104 villages across Vasai, Bhiwandi, Kalyan, Ambernath, Panvel, Uran, Pen and Alibaug talukas and will connect major national highways and expressways, with nine interchanges planned. Officials expect the corridor to ease congestion, cut travel time by around 90 minutes and boost links to ports and logistics hubs across the region. Phase one will construct a 96.41 km stretch from Navghar in Vasai taluka to Balavali in Pen taluka.

The Maharashtra State Road Development Corporation has been authorised to execute the phase on a design, build, finance, operate and transfer basis under a public private partnership model, following Cabinet committee approval in March. The resolution notes earlier approvals of Rs 222.5 billion for land acquisition and Rs 147.63 billion for interest liabilities, bringing a wider phase one estimate to Rs 370.13 billion. Viability gap funding of roughly Rs 62.59 billion and equal to 19.80 per cent of the project cost, has been sanctioned.

The proposal sets a three-year construction deadline and requires priority completion of the common stretch overlapping the NHAI spur within one-and-a-half years, and will be sent to the Centre’s PPP Appraisal Committee for approval. Toll collection will be fully digital using FASTag and GPS with charges linked to distance and a proposed toll of Rs 765 for cars and jeeps under a 40-year concession. Officials have outlined the implementation timeline and financing structure while seeking central clearance.

Maharashtra has granted administrative approval for phase one of the 14-lane Virar-Alibaug Multi-Modal Transport Corridor, an access-controlled route to improve connectivity across the Mumbai Metropolitan Region and link the Jawaharlal Nehru Port Authority, Navi Mumbai International Airport and the Mumbai Trans Harbour Link. The first phase spans 126.06 km and is estimated at Rs 317.93 billion. The Urban Development Department lists the construction cost at Rs 215.34 billion. The alignment is proposed through 104 villages across Vasai, Bhiwandi, Kalyan, Ambernath, Panvel, Uran, Pen and Alibaug talukas and will connect major national highways and expressways, with nine interchanges planned. Officials expect the corridor to ease congestion, cut travel time by around 90 minutes and boost links to ports and logistics hubs across the region. Phase one will construct a 96.41 km stretch from Navghar in Vasai taluka to Balavali in Pen taluka. The Maharashtra State Road Development Corporation has been authorised to execute the phase on a design, build, finance, operate and transfer basis under a public private partnership model, following Cabinet committee approval in March. The resolution notes earlier approvals of Rs 222.5 billion for land acquisition and Rs 147.63 billion for interest liabilities, bringing a wider phase one estimate to Rs 370.13 billion. Viability gap funding of roughly Rs 62.59 billion and equal to 19.80 per cent of the project cost, has been sanctioned. The proposal sets a three-year construction deadline and requires priority completion of the common stretch overlapping the NHAI spur within one-and-a-half years, and will be sent to the Centre’s PPP Appraisal Committee for approval. Toll collection will be fully digital using FASTag and GPS with charges linked to distance and a proposed toll of Rs 765 for cars and jeeps under a 40-year concession. Officials have outlined the implementation timeline and financing structure while seeking central clearance.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code