Devendra Fadnavis government may not seek JICA funds for Mumbai-Nagpur expressway

Even as Japan International Cooperation Agency (JICA) is keen to fund infra projects in Maharashtra, the Fadnavis government is unlikely to approach the agency for the proposed Rs 30,000-crore Mumbai-Nagpur expressway citing long delays in getting approvals.

The Maharashtra State Road Development Corporation (MSRDC), which is implementing the 700-km 8-lane expressway, expects to commence work on the project by end October this year and complete by 2019, when the state as well as the nation go to polls.

“The proposed Mumbai-Nagpur super-communication expressway is a huge project and we will need to raise funds from various agencies. We are in talks with various national and multilateral lenders like the Asian Development Bank and the World Bank among others.

Source: ET


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Posted on May 25, 2016, in Uncategorized and tagged . Bookmark the permalink. Leave a comment.

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