Dinesh Kamath's news item 'Ganesh Naik presents Rs 12,822 crore plan to DPDC - To convert Navi Mumbai into a Global City' that was published in Newsband

Ganesh Naik presents Rs 12,822 crore plan to DPDC

To convert Navi Mumbai into a Global City

By Dinesh Kamath

NAVI MUMBAI: Guardian Minister Ganesh Naik presented before the District Planning Development Council (DPDC) an ambitious plan to raise infrastructure in Navi Mumbai at a cost of Rs 12,822 crore.

"The total expenditure for the project is expected to be around Rs 12821.50 crore, of which the Navi Mumbai Corporation will contribute Rs 3,733 crore and Rs 4,093 crore will come by way of grants from MMRDA, JNNURM and deffered payments," he said.

An amount of Rs 4,995.50 crore will be raised through soft loans from national and international financial institutions, the meeting was told.

The plan envisages development of roads, bridges, flyovers, underpass, foot-overbridges and storm water drainage in Navi Mumbai suburbs.