Four nations including China and Japan ready to invest in Mumbai sea link project

Q: Good news for both Mumbai and Navi Mumbai residents as four nations showed their interest to fund Rs. 11000 core Mumbai Trans-harbour Sea Link.

Diwakar Shetty,

6th July 2015

Real estate News in Mumbai

mmrda

mumbai metropolitan region development authority

mumbai trans-harbour link

maharashtra government

mumbai trans harbor link

devendra fadnavis

japan international co-operation agency

mumbai sea link project

Follow Discussion

Also see discussions for

Mumbai Real estate News Real estate News in Mumbai

Replies (3)

They have come with their own terms and conditions. Govt. need to take proper decision about it else it may loss us.

Madhav Jha

MadhavJha, Mumbai

9th July 2015

Comment

Those who are signing the deed is not uneducated and this is not the fist time they are making any deal and know better which i good or bad for the country. There are so many people involved in it and they are making discussion on it.

kisi ko bhi de, par kaam shuru toh kare. Bahut ho gayi baatein. I still trust you guys more than earlier govt. but, pls get things moving now.

Abhishek,

28th July 2015

Thank God! China has not forth any condition. But as per top Maharashtra Govt. official, the Chinese are expecting that the entire project work involving the sub contracts should be given to firms from China alone. But still it looks far behind as MMRDA executing the project confirmed that no decision has been taken on who would be given the project.

Vivek Kulkarni,

6th July 2015

Comment

It really sounds great Diwakar, It means our dreams are going to be true. A 22 Km Mumbai Trans-harbour Sea Link from Mumbai to Navi Mumbai has suddenly received a kick as it has now four countries competing to finance and build the project. At the same time, UK and Germany are also in touch with the Fadnavis government expressing their willingness to finance the project.

Ravindra Singh,

6th July 2015

Comment

@Ravindra,
Had the Maharashtra Government approached any country? Have they put forth certain condition for that?

Santosh TR,

6th July 2015

Well Santosh,
At the beginning, Maharashtra Govt. approached Japan International Co-operation Agency. But Maharashtra Chief Minister's visit to China in May'2015 bring the another investor for this project as the Chinese government also unfold interest in financing the project.

Ravindra Singh,

6th July 2015

In spite of that, all the countries have put forth certain conditions. For example, The UK put forth a condition that 20% of the project work should be given to it. 30% could go to Indian firms
and rest 50% could be given to other firms abroad. On the other hand, Germany wants that 50% of the project work should be given to its country, 30% to Indian firms and the rest of the 20% to other abroad firms.

Santosh TR,

6th July 2015