MTHL update

The Rs 10,000 crore Mumbai Trans-Harbour Link (MTHL) will be constructed on a cash contract basis, said metropolitan commissioner U P S Madan. The Sewri-Nhava bridge is expected to be completed in five years.
The MMRDA wants the Centre to stand surety for currency security. “We have written to the state government seeking its nod to approach the Centre for raising a loan for the project,” Madan said.
Toll will be collected to recover the project cost. The government has linked MTHL viability to the much-delayed airport at Panvel. The MMRDA will seek a loan from the Japan International Co-operation Agency.
It is estimated that 60,000 vehicles will use the MTHL daily, making it viable. 

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