Maharashtra cabinet approves ₹37,013 cr for motorway project
pre-market1 source ↓written by the desknot a recommendation
- loan from HUDCO
- ₹37,013 crore
- aims to enhance
- 126.3-km corridor
The Maharashtra Cabinet has approved a ₹37,013 crore loan from HUDCO for the Virar-Alibaug Multipurpose Motorway project. This 126.3-km corridor aims to enhance connectivity between key industrial hubs and the Mumbai Trans Harbour Sea Link.
This funding decision is expected to boost infrastructure development and may positively impact related sectors, particularly construction and logistics.
The shutdown of MAHA ARC Limited signals a shift in state asset management strategy.
Not investment advice. For informational purposes only.