CIDCO to
finance the new bridge?
By Dinesh
Kamath
NAVI MUMBAI: Maharashtra State Road
Development Corporation Ltd (MSRDC) is coming up with a 1.8-km six-lane bridge
on the Vashi creek. There is a possibility of City and Industrial Development
Corporation (CIDCO) too financing this project. A plan has been worked out to
widen Sion-Panvel highway to ease the flow of traffic.
At present Mumbai is connected to Navi Mumbai and
subsequently to Pune and Goa highways by the
6-lane Sion Panvel highway. Converting of this highway into a 10-lane highway
has been planned. But there is a danger of traffic problems occurring on the
Vashi Creek bridge during the widening process. Hence MSRDC has decided to
build another bridge under the Jawaharlal Nehru National Urban Renewal Mission
(JNNURM). Half the cost will be borne by both Central and State government. The
other half is supposed to be borne by MSRDC which finds it too much.
MSRDC did approach Mumbai Metropolitan Region
Development Authority (MMRDA) to grant them some funds for this project but
MMRDA refused. After that MSRDC had no other option but to approach CIDCO whom
it asked to bear half the cost. CIDCO did agree verbally but it has yet to take
a final decision on funding to the project. The board of directors of CIDCO
will soon meet and decide over this matter.
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