Maharashtra Chief Minister Devendra Fadnavis announced that the USD 15 billion Mumbai-Ahmedabad bullet train project, developed in collaboration with Japan, will become operational by 2028.
Speaking at an event centred on the India-Middle East Europe Economic Corridor (IMEEC) project, the CM emphasised that infrastructure development is crucial for the state's goal of achieving a USD one trillion gross state domestic product (GSDP), and assured that progress is now "in full swing." He added that during his first term from 2014-19, USD 30 billion was invested in infrastructure, and more is being allocated now to key initiatives.
Additionally, the Maharashtra government aims to raise USD 50 billion from international financiers within the next four months to further bolster the state’s infrastructure landscape. Fadnavis outlined plans for Vadhavan port, which will be operational within three to four years, significantly reducing logistics costs. Built on reclaimed land, the port will also feature an adjoining airport developed similarly through land reclamation. The port will serve as a halt for the bullet train, enhancing its strategic importance.
Furthermore, a new highway connecting Nashik to Vadhavan port is under construction, aiming to link 17 districts to modern port facilities. He also mentioned the Shaktipeeth highway, connecting Nagpur to Goa, designed to boost economic activity in the state's less developed regions.