CIDCO has made a provision of ₹100 crores for the Panvel-Karjat Central Railway Project in the budget for the financial year 2023-24. The Panvel-Karjat railway project is a double-line railway project, and it has been sanctioned under MUTP III and is being undertaken by Mumbai Rail Vikas Corporation (MRVC)
“The project aims to improve connectivity between Panvel, Karjat and Mumbai, and reduce travel distance by 23 km,” said an official from CIDCO. The project’s estimated cost is around ₹2783 crore, with funding being shared by the Government of Maharashtra, MRVC, MMRDA and CIDCO. “CIDCO’s share is ₹695.75 crore, and it has paid Rs₹42.42 crore to MRVC for the project so far. A provision of ₹100 crores has been made for the year 2023-24,” said the official
https://www.freepressjournal.in/mumbai/navi-mumbai-cidco-makes-provision-of-100-crores-in-budget-for-panvel-karjat-railway-project
Source: The Free Press Journal
