Now, Samruddhi Mahamarg to cost Rs 55,305 cr

Source: The Hitavada      Date: 02 Oct 2018 09:23:08


 

Staff Reporter,

THE Nagpur-Mumbai Samruddhi Mahamarg passing through 10 districts, covering a distance of 710 kms and connecting adjoining 24 rural districts will now cost Rs 55,305 crore. This Super Communication Expressway was to cost Rs 49,247 crore but now the cost had been revised by almost Rs 6,000 crore after the tender process was klick-started.


The State Government has accorded its nod to revised administrative cost of Samruddhi Mahamarg, portrayed as “a game-changer for Maharashtra”. The Government also decided to increase concession period to 40 years, looking at the magnitude of this mega-project. The entire project is to be completed in 30 years and interest during construction has been pegged at Rs 6396.18 crore. State Government has decided to shoulder the responsibility of this interest component while any additional escalation in project cost and interest due to delay will be responsibility of MSRDC.


For the current fiscal, the State had promised to allocate Rs 512.99 crore while during next financial year (2019-20) the amount will be Rs 2026.28 crore and this burden will increase to Rs 3856.91 crore.  The land acquired for inter-changes, toll plazas, and amenities will be transferred to specially created company named Nagpur-Mumbai Super Communication Expressway Limited. Besides, strict times
lines have been prescribed for MSRDC to raise funds by utilising land acquired for Samruddhi Mahamarg.


According to Chief Minister Devendra Fadnavis, the project will usher “Maharashtra into prosperity, boost agro-based industries, attract globally competitive manufacturing units in Vidarbha and Marathwada and will place Maharashtra ahead of other states by at least 20 years.”


The road will start from Nagpur and will pass through 30 talukas of Wardha, Amravati, Washim, Buldana, Jalna, Aurangabad, Ahmednagar, Nashik, Thane finally connecting six-lane Western Corridor connecting ports. It will have 23 nodes or prosperity hubs where truck terminus, commercial use, knowledge city, IT industries, manufacturing units where huge employment and economic activity will come up, Fadnavis said.


The six-lane super communication highway, connecting the entire breadth of Maharashtra, would require 9000 hectares of land. There will be 24 interchanges along the super-fast access controlled road which will be built across ten districts.