Home News National Maharashtra government’s decision regarding Mumbai-Nagpur Samriddhi Expressway, Fadnavis gave information

Maharashtra government’s decision regarding Mumbai-Nagpur Samriddhi Expressway, Fadnavis gave information

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Maharashtra government’s decision regarding Mumbai-Nagpur Samriddhi Expressway, Fadnavis gave information

Mumbai-Nagpur Samridhi Expressway: Maharashtra Deputy CM Devendra Fadnavis on Thursday said that securitization of rights of the Mumbai-Nagpur Samridhi Expressway will earn Maharashtra Rs 50,000 crore, which can be roughly called sales. He said that its construction will reduce the financial burden on the state. Being built at a cost of about Rs 55,000 crore, this 701 kilometer long 6 lane expressway passes through 10 districts. Its 520-km Nagpur to Shirdi section was inaugurated in December last year.

‘This money will be used to repay the loan’

Speaking in a program of a Marathi media channel, CM Fadnavis said that the Maharashtra government would get Rs 50,000 crore from the securitization of the rights of the expressway. The government will use this money to repay the loan taken to build this expressway. Apart from this, the government will use this money in other matters as well.

Maharashtra has lagged behind in attracting FDI, what did Fadnavis say on the question

On the question that Maharashtra has lagged behind in attracting Foreign Direct Investment (FDI) compared to other states, the Deputy CM said that FDI in Maharashtra was more than other states till 2014-19 when I was CM. He said Maharashtra has been lagging behind Bengaluru in attracting start-ups and fintech firms for some time.

He asserted, however, that once the Trans Harbor Bridge (MTHL) connecting Mumbai to Navi Mumbai and the rest of the Mumbai-Pune Expressway are operational, there will be a third Mumbai that will come up in that area. He said that the Trans Harbor Link and the new airport in Navi Mumbai would provide a good ecosystem for companies. He said that Maharashtra alone has 65 percent of India’s data center capacity. He said that preserving the data is a bigger task than the oil business today.

‘6 lakh crore debt on the state government’

He said that Maharashtra’s GDP was around Rs 34 lakh crore, which is now moving towards Rs 40 lakh crore. He said that Maharashtra currently has a debt of Rs 6 lakh crore, which is within the prescribed limit as per fiscal responsibility and budget management.

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