World Bank may fund Mumbai'sTrans Harbour Link project

Press Trust of India Mumbai | Updated on October 25, 2011

The Mumbai Trans Harbour Link (MTHL) project that connects Sewri and Nhava port here is likely to get a boost as the World Bank has shown keen interest in funding the said project.

The Mumbai Metropolitan Region Development Authority (MMRDA), which is implementing the project, said that it was in talks with the World Bank for funding the project. “The World Bank has been funding our few projects.

Six-lane road bridge

“They have now shown interest in funding our ambitious MTHL project,” the MMRDA Commissioner, Mr Rahul Asthana, said here. The 22-km, around Rs 8,300 crore MTHL will be a six-lane road bridge with provisions for two lanes for a Metro line.

The Maharashtra State Road Development Corporation (MSRDC) was handling the project initially, but it was later handed over to the MMRDA.

The World Bank had earlier tied up with the MMRDA to fund the Mumbai Urban Transport Project (MUTP). “MMRDA is also in talks with the World Bank for its metro rail projects,” another official said.

The Authority is also in talks with Japan Bank for International Cooperation (JBIC) for providing soft loans for its other projects, including the metro rail project, the official said.

In August, the MMRDA had appointed a consortium of Arup Consulting Engineers and KPMG to conduct a techno-economic feasibility study of the MTHL. The consortium is expected to submit the report by October next year.

Published on October 25, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor