What is Nagpur-Mumbai Samruddhi Corridor expressway project? SBI, other banks agree to finance it - Key details
The estimated cost of the project, being constructed by the Maharashtra State Road Development Corporation, is around Rs 50,000 crore, of which around Rs 26,000 crore are required for the construction of the expressway.
"We were falling short of Rs 3,000-4,000 crore to reach the target of Rs 26,000 crore. The consortium of banks has agreed to share that shortfall too. It has solved the major issue of financial support," Gagrani said. PTI