Maharashtra govt signs MoU with CIDB Holdings – Feedback

The Maharashtra government has signed an MoU with CIDB Holdings, Malaysia, for investments worth Rs 10,000 crore in highway and road projects. A sizeable chunk of the investments will be in the Nagpur-Mumbai Supercommunication Expressway.

The 712 km highway between Nagpur and Mumbai, worth Rs 30,000 crore, has been renamed the Nagpur-Mumbai Samruddhi Corridor. The project will be completed by 2019. The Nagpur-Mumbai Samruddhi Corridor is being modeled on land-pooling to ensure greater participation and dividends to farmers/individuals whose land will be acquired for the project. Along the highway, 24 townships will be developed, complete with basic amenities and related infrastructure. The government has sanctioned Rs 500 crore for each of these nodes, which works out to Rs 12,000 crore.

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