MSRDC to monetise land to fund projects
MUMBAI, Oct. 16 -- To fund its future infrastructure projects, the Eknath Shinde-led Maharashtra State Road Development Corporation (MSRDC) has decided to lease out or sell land owned by it. According to sources, the Corporation is willing to lease out its land for a period of 99 years in most of the cases. In some cases, it plans to jointly develop the lands or even sell them off.
"We are planning to monetise the land parcels," confirmed Anilkumar Gaikwad, vice-chairman and managing director, MSRDC. "The mode will be decided based on the recommendations of our consultants, whom we are in the process of appointing. This is being done to support future projects."
MSRDC was appointed as the special planning authority for various strategic regions such as 19 growth centres along the Mumbai-Goa Expressway, two growth centres along the Pune Outer Ring Road, 18 development nodes along the Samruddhi Mahamarg, Amne Node with Extension (a planned industrial hub along the Samruddhi Expressway near Kalyan and Bhiwandi), proposed 17 growth centres along the proposed Shaktipeeth Highway, and more.
Currently, the agency has undertaken six major projects on a priority basis, which will require around Rs.1.70 lakh crore to complete. They are the 802-km Nagpur-Goa Shaktipeeth Expressway costing Rs.86,358.90 crore, the 126-km Virar-Alibaug Multimodal Corridor estimated to be worth Rs.55,000 crore, the 191-km Nagpur-Chandrapur Expressway with an estimated cost of Rs.21,702 crore, the 104.8-kilometre high-speed freight corridor connecting the Vadhavan Port to the Mumbai-Nagpur Expressway at an estimated of Rs.4,029 crore, the 162-km Nagpur-Gondia Expressway project with an estimated cost of Rs.3162.18 crore and the 95-km Bhandara-Gadchiroli Expressway with an approximate cost of Rs.931.15 crore.
MSRDC has floated tenders to appoint consultants, who will undertake a comprehensive macro-level study of all the land parcels. "The study will serve as the foundational phase for identifying, evaluating, and prioritising all land parcels and development opportunities that fall within MSRDC's purview," said a senior MSRDC official.
They will provide a comprehensive description of the project location, administrative boundaries, and relation to key urban centres; analyse the surrounding land use patterns, existing infrastructure, ecological buffers, and heritage or protected sites; evaluate connectivity and access, including current and proposed road networks and public transportation nodes....
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