India expressway – land being acquired

Land is being acquired for a major expressway project in India. In all 10,649 individual land sale arrangements have been made with 20,916 owners for the Nagpur-Mumbai expressway project. Buying the land has cost close to US$775 million so far, with around 86% of the land needed for the project having now been acquired. The deals have been handled by Maharashtra State Road Development Corporation (MSRDC).
July 31, 2018 Read time: 1 min

Land is being acquired for a major expressway project in India. In all 10,649 individual land sale arrangements have been made with 20,916 owners for the Nagpur-Mumbai expressway project. Buying the land has cost close to US$775 million so far, with around 86% of the land needed for the project having now been acquired. The deals have been handled by 7816 Maharashtra State Road Development Corporation (MSRDC).

Finance & Funding

For more information on companies in this article

Related Content

  • Mumbai sea link contract
    September 6, 2018
    The contract has been awarded for the Mumbai sea link project in India. The Versova-Bandra Sea Link Project is expected to cost US$987.6 million to build and is should take five years to construct. When complete the 17.7km bridge will be the longest sea crossing in India. The project will be handled by a consortium made up of Astaldi and Reliance Infrastructure under an engineering, procurement and construction package. The deal was awarded by the Maharashtra State Road Development Corporation.
    Read More
  • India project receiving partial funding from South Korea
    October 16, 2017
    Construction of the new highway in India connecting Mumbai with Nagpur will commence in early 2018. The highway will be one of the largest construction projects in India as it will measure 701km long, running through 10 districts. It will cost US$7.09 billion to construct, with $5.4 billion of the funding necessary being provided in the shape of a loan from South Korea. The work is expected to take 36 months to carry out with the Maharashtra State Road Development Corp (MSRDC) managing the project.
    Read More
  • Bidding opening for Balavali-Navghar expressway project
    January 31, 2024
    Bidding is open for the US$6.9 billion Balavali-Navghar expressway project
    Read More
  • Louis Berger wins key India bridge deal
    January 10, 2018
    Louis Berger has been awarded the management contract for the Versova-Bandra Sea Link project in India. The US$17 million project management services deal was awarded to the firm by the Maharashtra State Road Development Corporation (MSRDC). The construction of the Versova-Bandra Sea Link (VBSL) is estimated to cost some $1 billion and will take 54 months to complete. “We are honored to play a major role in one of the largest infrastructure projects — not just in Mumbai, but in India,” said Kshitish
    Read More

Highlighted Content