JICA to fund MTHL after conducting feasibility inspection

By Accommodation Times News Services

MMRDAJapan International Cooperation Agency (JICA) is planning to fund Mumbai Trans Harbour Link (MTHL), a project handled by Mumbai Metropolitan Regional Development Authority (MMRDA) is constructed with a view to facilitate smooth and faster communication in Mumbai and Navi Mumbai. But, before funding this project JICA needs to know the usage and benefits of harbor link.

JICA has send a team to visit Mumbai to inspect the project. They held long meetings with senior officials of the MMRDA on the project. The team also went on a site visit to Sewri as well as Nhava Sheva, the proposed ends of the MTHL.

MMRDA was to undertake MTHL project on Public-Private Partnership (PPP)  mode   with 20% Viability Gap Funding from Government of India, but it failed to attract even a single bid last year on a PPP model in what was its third failed round of tendering over the past one decade. Companies who had originally evinced interest in the project had later decided to stay away citing lack of clear traffic projections as much of the traffic will depend on the future development on the main land. The MMRDA then decided to take up the project on a cash contract.

“We had written to the Union urban development ministry, which after taking suggestions from the road transport ministry and the central public works department, sent the proposal to the finance ministry’s Department of Economic Affairs (DEA). After approving the proposal, the DEA approached JICA for funding for the MTHL,” said UPS Madan, metropolitan commissioner at the MMRDA. He also added that JICA has already included the MTHL, which was as per 2012 estimates expected to cost Rs 9,630 crore, in its rolling plan.

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