Malaysian firm to invest Rs. 10,000 cr. in Samruddhi corridor

July 31, 2016 12:00 am | Updated 05:49 am IST - Nagpur:

The Malaysia-based CIDB Holdings will invest Rs 10,000 crore in highway projects, including the Nagpur-Mumbai Maharashtra Samruddhi corridor.

“The proposed Samruddhi corridor is our Govt's path breaking initiative as we believe that good roads are key to infrastructure,” Chief Minister Devendra Fadnavis tweeted.

Dr. Judin Bin Abdul Karim, president CIDB Holdings, Malaysia, and state Chief Secretary, Swadheen Kashtriya, were present when the agreement was signed in Nagpur on Saturday. “I welcome CIDB for this association with GoM & contribution in Samruddhi corridor, which will create history in the years to come,” the CM said.

The 793 km Nagpur-Mumbai Communication Superhighway will be an eight-lane expressway connecting Nagpur, Amravati, and Aurangabad with Mumbai. It expected to halve the travelling time between Nagpur and Mumbai.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.