MIDC gives Rs 250cr cheque to MSRDC for Samruddhi project

Updated: Thu, Dec 20, 2018
11:00 pm
PTI
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global

The Maharashtra Industrial Development Corporation (MIDC) Thursday handed over a cheque of Rs 250 crore to the Maharashtra State Roads Development Corporation (MSRDC) for land acquisition of Samruddhi Highway that will connect Mumbai with Nagpur.

Industries Minister Subhash Desai handed over the cheque to Public Works Minister Eknath Shinde in the presence of Chief Minister Devendra Fadnavis at Sahyadri gueshouse in south Mumbai.

"Various institutions are making secondary nature of amount available for the land acquisition of the Nagpur Mumbai Samruddhi Highway.

"The MIDC has already advanced an amount of Rs 1,000 crore to the MSRDC. It has further made available secondary funds worth Rs 250 crore to speed up the work of Samruddhi Highway," a government release stated.

The 700-km expressway will connect the two key cities of Maharashtra.

The Rs 49,247-crore venture, a pet project of Fadnavis, also envisages the development of various nodes along the expressway.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.