MMRDA inks Rs.8,700 cr MTHL project's pact

In a major push to the city’s transport infrastructure, Mumbai Metropolitan Region Development Authority (MMRDA) recently signed two agreements for construction of packages 1 and 3 of the ambitious Mumbai Trans Harbour Link (MTHL) project involving a combined investment worth Rs.8,700 crore. In this connection, MMRDA inked pacts with L&T and Japan-based IHI Infrastructure Systems Co for 10.38 km package 1 worth Rs.7,637.30 crore. Similarly, the authority also entered into a separate agreement with L&T for 3.61 km package 3 involving a cost of Rs.1,013.79 crore. This is a major step towards attaining faster connectivity with Navi Mumbai and Konkan region and its development, Chief Minister said that it was a much-awaited project and will be constructed as early as possible. The project will open up innumerable avenues in terms of connectivity, communication, infrastructure and job opportunities. The project is financed by the Japan International Cooperation Agency (JICA) and that an agreement for package 2 of 7.807 km will also be entered with Daewoo and Tata Projects soon in regard to the project awarded to these companies, MMRDA added.