Deputy CM and Finance Minister David Fadnavis recently announced that the Maharashtra government would fund a number of large and small infrastructure projects, including a web of MMR (Mumbai Metropolitan Region), Deputy CM and Finance Minister David Fadnavis said while tabling the state budget 2023-24. The Maharashtra Chief Minister unveiled significant infrastructure development plans, committing the state to the ambition of a 5 trillion dollar economy with a contribution of one trillion dollars and increasing the state’s contribution to the national GDP from 14.2% to 20%.
The Maharashtra government would fund a number of large and small infrastructure projects, including a web of Mumbai Metro Rail
The Hindu HridaySamrat Balasaheb Thackeray Mumbai-Nagpur super motorway, which is the project’s showpiece, is 80% finished. Still, it will be extended as a four-lane motorway from Sindhkhedaraja to Shegaon. The 760-kilometre Nagpur-Goa highway, which will connect major tourism and pilgrimage areas in the state and cost Rs 86,300 crore, is currently undergoing technical-feasibility reports. It will pass through 6 districts, including Nanded, Parbhani, Hingoli, Latur, Beed, and Dharashiv. The missing link between Khopoli and Khandala on the Mumbai–Pune Expressway has been approved at the revised cost of Rs 6,695 crore, while construction on the Rs 27000 crore Pune Ring Road project is moving forward quickly.
The Hindu HridaySamrat Balasaheb Thackeray Mumbai-Nagpur super motorway, which is the project’s showpiece, is 80% finished
Work has started on the Raigad-Sindhudurg coastal highway at a cost of Rs 9,573 cr. The full project study for the proposed 126-kilometer-long Virar (Palghar) to Alibaug (Raigad) multimodal corridor, which is expected to cost Rs 40,000, is also underway. Phase II of the ADB (Asian Development Bank) project will involve the construction of 468 km of roads at a cost of Rs 4,000 crore and 7,500 km of roads at a cost of Rs 90,000 cr. 10125 km of roads, 1,203 bridges, and cross-drainages will all undergo improvements in the upcoming fiscal year of 2024, totalling Rs 14,225 cr. Meanwhile, Rs 3000 cr. will be used to upgrade 4500 km. of district and village roads. With the use of contemporary technology, work is currently being done on 5,500 km of the 6,500 km of roads that Maharashtra has received as part of the Pradhan Mantri Gram Sadak Yojana-III.