Mumbai: The state chief minister Devendra Fadnavis will approach the World Bank for funding the Virar-Alibaug multi-modal corridor project, a senior Mumbai Metropolitan Region Development Authority (MMRDA) official said. The Detailed Project Report (DPR) will be ready by the end of the June. The project will be completed by 2024.
Additional metropolitan commissioner of MMRDA, Sanjay Khandare said,“The CM is planning to approach the World Bank to fund the corridor and tenders will be floated after that.”
Work on the corridor between Navghar in Virar and Alibaug in Raigad district will be completed in 2 phases-
The phase-1 is a 98 km long stretch between Navghar & Jite near Panvel
The phase-2 is a 28km stretch from Jite to Alibaug
The total estimated cost of the project is Rs 22,300 crore.