Maharashtra raises Rs 28,000 crore for the ambitious Samruddhi Corridor

In a major announcement, Chief Minister Devendra Fadnavis announced the financial closure of the ambitious Samruddhi Corridor. For the project of around Rs 55,000 crore the MSRDC has received around Rs 28,000 crore in loan from various financial institutions.
The Nagpur-Mumbai Super Communication Express Way (NMSCEW) has been nicknamed the “Samruddhi Corridor” by the Maharashtra government, as it is expected to bring ‘prosperity’ to the state. Connecting the state capital Mumbai with Nagpur, this six-lane, 800km project passes through 10 districts and provides fasttrack connectivity to another 14 through with six-lane connecting ways. While the project is expected to cut down the east-west travel time in the state to almost half, the connectivity to port is expected to change the agri-business dynamics.
The project is being implemented through NMSCEWL, an SPV. The six-lane road would be 120m wide and would allow vehicles to to ply at a speed of 150kmph. While the road passes through 392 villages in 10 districts, it also connects 14 districts indirectly to Mumbai. The road will also provide connectivity to the Western Corridor and the Golden Quadrilateral.