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Maharashtra govt sanctions capital for Samruddhi Corridor

Thursday, 12 Dec 2019
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The government of Maharashtra has sanctioned additional capital of Rs 3,500 crore for the Nagpur-Mumbai Super Communication Expressway or Samruddhi Corridor.

 

In September 2019, the Nagpur-Mumbai Super Communication Expressway Company had achieved financial closure after securing loans totalling Rs 28,000 crore from various financial institutions.

The Maharashtra State Road Development Corporation’s (MSRDC) capital investment was Rs 27,477 crore which was to be done on behalf of the state government. The 700 km corridor is expected to cut travel time from Nagpur to Mumbai from 16 hours to eight hours. So far, around 20 percent work has been completed.

The entire project will be completed in the next three years.

 
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