In a bid to decongest the Sion-Panvel Highway, the Maharashtra State Road Development Corporation has chalked out a plan to develop a six-lane elevated road between Kharghar and Turbhe in Navi Mumbai at an investment of ₹1,222 crore. The road will be a 5.4 km stretch, of which 2.5 km will be a tunnel. Of the total project cost, ₹305 crores will be funded by the City Industrial and Development Corporation (Cidco) and ₹153 crore each by the Maharashtra Industrial Development Corporation (MIDC) and the MSRDC. The remaining 50% of ₹611 crore will be procured through loans. The project will save travel time between Kharghar and Turbhe by 15 to 30 minutes. MSRDC has stated that there is a need for an alternate route as the Sion-Panvel Highway is unable to handle the traffic volume and the road will also be used by commuters travelling via the Thane-Belapur stretch.
📅Published on:
13 March 2020
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