Mumbai Metropolitan Region Development Authority (MMRDA) has signed agreement with contractors for Packages 1 and 3 for the Mumbai Trans Harbour Link (MTHL) project. The Package-1 – from Sewri up to 10.38-km (10.38km) of the MTHL will be constructed by the consortium of M/s L&T and IHI, Japan (M/s IHI Infrastructure Systems Co Ltd. for an accepted contract cost of ...
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Shortfall loan for Mumbai Trans Harbour Link
The concessionaire for the Mumbai Trans Harbour Link (MTHL) project will get a 10% shortfall loan from the Union government?s empowered committee of the department of economic affairs (DEA). The loan will make the project financially more viable and more bankable. It will also ensure that bankers? debt service obligations are met in case the traffic on the Link falls ...
Centre approves Viability Gap Funding for MTHL
The Union Finance Ministry has approved Viability Gap Funding of about ? 1930 crore for the Mumbai Trans Harbour Link (MTHL) project. The 22km bridge which connects Sewri in South Mumbai to Nhava Sheva in Navi Mumbai will be the longest sea bridge in India. Bids will now be invited for the project. Besides decongesting the city, MTHL will provide ...