HUDCO clears Rs.800-cr for e-way project

    Housing and Urban Development Corporation (HUDCO)
    The Housing and Urban Development Corporation (HUDCO) has recently approved a loan of Rs.800 crore for Maharashtra's Nagpur-Mumbai super communication expressway. The loan has been approved for Maharashtra State Road Development Corporation (MSRDC), the nodal agency for executing the ambitious project. The project, also called the Maharashtra Samruddhi Corridor, is the first road project in the state that had proposed to pool land and get into a partnership with farmers, rather than acquire their land. The 706 km-long expressway requires 10,000 hectares for which MSRDC had received farmers' consent for only about 30% of the land for pooling, Joint MD, MSRDC, Kiran Kurundkar said, adding that the corporation expects to have to pay out about Rs.5,000 crore to purchase land for the entire e-way stretch.
    CURRENTLY ONLINE
    We have 266 guests and one member online

    NBM&CW

    New Building Material & Construction World

    New Building Material & Construction World
    MGS Architecture

    Modern Green Structures & Architecture

    Modern Green Structures & Architecture
    L&ST

    Lifting & Specialized Transport

    Lifting & Specialized Transport
    II&TW

    Indian Infrastructure & Tenders Week

    Indian Infrastructure & Tenders Week