The much awaited Mumbai trans-harbor link project has finally seen light at the end of the tunnel with the mega project securing a whopping financing worth Rs.8,600 crore for its construction activities. In this connection, an agreement between the Mumbai Metropolitan Region Development Authority (MMRDA) and the Japan International Cooperation Agency (JICA) was signed recently. The financial assistance would be utilized to develop an expressway link comprising a dual three-lane main carriageway bridge connecting Sewri on the north-eastern periphery of Mumbai to Chirle in Navi Mumbai. The loan is offered at concessional rate of yen-London inter-bank at rate plus 0.1 percent for the project activities and 0.01 per cent for consulting services with a 30-year repayment period, including 10 years of grace period. The pact was inked between chief representative of Jica's India office, Takema Sakamoto, and MMRDA commissioner, UPS Madan, claimed sources.
📅Published on:
07 April 2017
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
