+
MSRDC to raise Rs 360 billion for infrastructure projects
ROADS & HIGHWAYS

MSRDC to raise Rs 360 billion for infrastructure projects

The Maharashtra State Road Development Corporation (MSRDC) has approved a Rs 356 billion loan to pay for land acquisition compensation. The decision will give a significant boost to the Virar-Alibaug multi-modal corridor and the Pune ring road projects.

It will also expedite other major projects, such as the Jalna-Nanded Expressway, because land for it will be acquired through the same fund.

The first phase of the Virar-Alibaug corridor will be 98.5 kilometres long, with 1,000 ha of land acquired, as well as 2,000 ha for the 173-kilometer Pune ring road and the 180-kilometer Jalna-Nanded expressway.

The Virar-Alibaug project will cost Rs 550 billion in total, with the land alone costing Rs 220 billion.

Also read:
Kolte Patil to get Rs 2.06 bn cash infusion from Marubeni Corp
Taurus, Sage Capital to raise Rs 5 bn real estate fund

The Maharashtra State Road Development Corporation (MSRDC) has approved a Rs 356 billion loan to pay for land acquisition compensation. The decision will give a significant boost to the Virar-Alibaug multi-modal corridor and the Pune ring road projects. It will also expedite other major projects, such as the Jalna-Nanded Expressway, because land for it will be acquired through the same fund. The first phase of the Virar-Alibaug corridor will be 98.5 kilometres long, with 1,000 ha of land acquired, as well as 2,000 ha for the 173-kilometer Pune ring road and the 180-kilometer Jalna-Nanded expressway. The Virar-Alibaug project will cost Rs 550 billion in total, with the land alone costing Rs 220 billion. Also read: Kolte Patil to get Rs 2.06 bn cash infusion from Marubeni Corp Taurus, Sage Capital to raise Rs 5 bn real estate fund

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?