The Mumbai Metropolitan Region Development Authority (MMRDA) has earmarked Rs 6,653 crore for urban infrastructure and transportation projects in the Mumbai Metropolitan Region (MMR).
MMRDA chairman and Maharashtra chief minister Ashok Chavan, on Wednesday, sanctioned the Rs 6,653-crore deficit budget of Rs 2,163 crore for the 2009-l0 fiscal.
MMRDA proposes to undertake novel projects, including the construction of a 100-storeyed iconic tower, along with the Inter State Bus Terminus at Wadala, for which a provision of Rs 4 crore has been made during the 2009-10 fiscal. Ratnakar Gaikwad, metropolitan commissioner, said that the tower would be constructed in about four years on BOT basis.
This apart, MMRDA proposes to set up Asia’s largest Innovation Park - a city of wisdom, knowledge and creativity, for which a special purpose vehicle (SPV) will be established. Gaikwad said that the park would be the largest in the field of research and development. The park is expected to attract about 25,000 scientists from more than 100 countries. MMRDA has made a budgetary provision of Rs 1 crore for the park, said Gaikwad.
Based on the recommendations of the Chitale committee on the water requirements of MMR, MMRDA proposes to undertake the MMR Water Resource Development project, for which a budgetary allocation of Rs 10 crore has been made, said Gaikwad. He further said that for the 2009-10 fiscal, MMRDA has allocated Rs 935 crore towards the monorail project, Rs 500 crore towards the Mumbai Trans Harbour Link project, Rs 600 crore towards the sky walk project, Rs 830 crore towards the Mumbai Urban Infrastructure Project (MUIP) and Rs 5 50 crore towards the Mumbai Metro Railway Transport project, amongst others.