The next significant project to be undertaken in the Mumbai Metropolitan Region would be the 126 km long Virar-Alibaug Multi-Modal Corridor, which will provide seamless connectivity between the districts of Palghar, Thane, and Raigad. The corridor runs from Chirner in Uran to Navghar in Virar. The project has gained the required approvals, and pre-construction work is currently in progress. The Maharashtra State Road Development Corporation (MSRDC) will implement the project. The two phases of the multi-modal corridor's development will cover 79 km of the first phase from Navghar to Chirner near JNPT and 47 km of the second phase from Chirner to Alibaug. The first phase is anticipated to cost $100,000,000,000. The procedure for a thorough survey for land acquisition has begun, and the feasibility reports for both stages have been finished. The Housing and Urban Development Corporation (HUDCO) and other lenders are reportedly interested in lending to the MSRC, and the Corporation is reportedly in talks with lenders like the Asian Development Bank. The state cabinet gave its in-principle approval for the MSRC to seek loans from these lenders in December (ADB). How the multi-modal corridor will improve connectivity in MMR - The corridor would provide much-needed connectivity from Jawaharlal Nehru Port Trust in Uran to the future Navi Mumbai International Airport and beyond. - The NH-8, Bhiwandi Bypass, NH-3, NH-4, NH-4B, Mumbai-Pune Expressway, Mumbai-Vadodara Expressway, and NH-17 are just a few of the important highways it will link. - The corridor will also be connected to other significant initiatives including the Trans Harbour Link and the Dedicated Freight Corridor. - The high-speed corridor's opening will reduce the distance between Virar and Alibaug's travel time by 50%. - The development of the megatownship in the Navi Mumbai Airport Influence Notified Area will depend on this route (NAINA). - Additionally, it will help the MMR's economy as a whole, including the growth centres that have been suggested, such Virar, Bhiwandi, Kalyan, Dombivali, Panvel, Taloja, and Uran. The project's price tag as of right now is 555640 million. A single corridor known as a multi-modal corridor connects many forms of transportation, including buses, trains, Metro rail, airports, and ports, as well as utilities like water, sewage, and gas lines.