Maharashtra okays Rs 500 billion for infrastructure projects in Mumbai

01 Oct 2024 CW Team

One of the major initiatives is the Orange Gate to Marine Drive tunnel project, for which the government has approved an interest-free secondary loan of Rs 13.54 billion to the Mumbai Metropolitan Region Development Authority (MMRDA). The allocation includes Rs 6.14 billion for state taxes, Rs 3.07 billion to cover half of the central taxes, and Rs 4.33 billion for land acquisition. The total project cost is pegged at Rs 91.58 billion.

The cabinet has also expedited the Thane Ring Metro Rail project with a revised budget of Rs 122.2 billion. This 29-km metro line will feature 20 elevated and two underground stations.

Additionally, the Thane-Borivali underground highway project has been approved with an investment of Rs 188 billion. The six-lane highway will include a significant 11.85-km-long tunnel, designed to ease congestion between the two cities.

For the Murbe multipurpose port project in Palghar district, the cabinet appointed JSW Infrastructure as the contractor. A detailed report on technical and rehabilitation aspects will be prepared by the Central Water and Power Research Station (CWPRS) and the Central Marine and Fisheries Research Institute (CMFRI). The port, estimated at Rs 42.59 billion, will operate year-round and focus on handling captive and bulk dry cargo, creating 1,500 jobs.

The cabinet also greenlit an affordable rental housing scheme for eligible slum dwellers in Dharavi as part of the Dharavi Redevelopment Project (DRP). A comprehensive survey will be conducted to determine the number of eligible residents, and land allocation will be adjusted accordingly. The state government emphasised that the financial burden of the credit-linked subsidy should be borne by the special purpose company managing the project, ensuring no liability falls on the state.

Furthermore, concessions were approved for the MMRDA in the slum rehabilitation schemes in Ramabai Ambedkar Nagar and Kamrajnagar. MMRDA will now be allowed to pay the recalculated land premium value for 14 hectares in Kurla from the sale proceeds after project completion, eliminating the need for an upfront 25% payment. (FPJ)

With assembly elections on the horizon, the Maharashtra state cabinet has sanctioned 38 infrastructure projects, focusing on accelerating development in the Mumbai and Thane regions, alongside new housing schemes for those affected by ongoing projects. One of the major initiatives is the Orange Gate to Marine Drive tunnel project, for which the government has approved an interest-free secondary loan of Rs 13.54 billion to the Mumbai Metropolitan Region Development Authority (MMRDA). The allocation includes Rs 6.14 billion for state taxes, Rs 3.07 billion to cover half of the central taxes, and Rs 4.33 billion for land acquisition. The total project cost is pegged at Rs 91.58 billion. The cabinet has also expedited the Thane Ring Metro Rail project with a revised budget of Rs 122.2 billion. This 29-km metro line will feature 20 elevated and two underground stations. Additionally, the Thane-Borivali underground highway project has been approved with an investment of Rs 188 billion. The six-lane highway will include a significant 11.85-km-long tunnel, designed to ease congestion between the two cities. For the Murbe multipurpose port project in Palghar district, the cabinet appointed JSW Infrastructure as the contractor. A detailed report on technical and rehabilitation aspects will be prepared by the Central Water and Power Research Station (CWPRS) and the Central Marine and Fisheries Research Institute (CMFRI). The port, estimated at Rs 42.59 billion, will operate year-round and focus on handling captive and bulk dry cargo, creating 1,500 jobs. The cabinet also greenlit an affordable rental housing scheme for eligible slum dwellers in Dharavi as part of the Dharavi Redevelopment Project (DRP). A comprehensive survey will be conducted to determine the number of eligible residents, and land allocation will be adjusted accordingly. The state government emphasised that the financial burden of the credit-linked subsidy should be borne by the special purpose company managing the project, ensuring no liability falls on the state. Furthermore, concessions were approved for the MMRDA in the slum rehabilitation schemes in Ramabai Ambedkar Nagar and Kamrajnagar. MMRDA will now be allowed to pay the recalculated land premium value for 14 hectares in Kurla from the sale proceeds after project completion, eliminating the need for an upfront 25% payment. (FPJ)

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Real Estate

29 Jul 2026

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Equipment

29 Jul 2026

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..