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
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?