The Mumbai Metropolitan Region Development Authority (MMRDA) announced that the work on the 22 km Mumbai Trans Harbour Link (MTHL) project is expected to begin by January 26 next year.Speaking at the 122nd meeting, chaired by Chief Minister Vilasrao Deshmukh, metropolitan commissioner Ratnakar Gaikwad said that the MTHL project, which is aimed at easing traffic congestion and ensuring faster connectivity with South Mumbai, is likely to be completed by March 2014.The 22-kilometre long link would connect Sewri and Nhava Sheva in Navi Mumbai and is considered to be the longest sea link in the country and the fourth longest in the world, which will have eight lanes.
The MMRDA has earmarked Rs 6,000 crore for the project.Gaikwad said that MMRDA, which will own the Trans Harbour Link, would make an initial investment of Rs 2,000 crore while the remaining amount would be raised through institutional finance and bank loans. He further noted that the MTHL is expected to reap in financial benefits for those operating in Sewri, Wadala and Panjrapole.The link would have multistoried parking facility, shuttle bus service.
The MMRDA has earmarked Rs 6,000 crore for the project.Gaikwad said that MMRDA, which will own the Trans Harbour Link, would make an initial investment of Rs 2,000 crore while the remaining amount would be raised through institutional finance and bank loans. He further noted that the MTHL is expected to reap in financial benefits for those operating in Sewri, Wadala and Panjrapole.The link would have multistoried parking facility, shuttle bus service.
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