Rs 12,822 cr plan to develop Navi Mumbai as 'global city'

Thane: An ambitious plan to raise infrastructure in Navi Mumbai at a cost of Rs 12,822 crore was presented before the District Planning Development Council (DPDC) here on Friday. District Guardian Minister Ganesh Naik presented this plan before the DPDC.

"The total expenditure for the project is expected to be around Rs 12821.50 crore, of which the Navi Mumbai Corporation will contribute Rs 3,733 crore and Rs 4,093 crore will come by way of grants from MMRDA, JNNURM and deffered payments," he said.

An amount of Rs 4,995.50 crore will be raised through soft loans from national and international financial institututions, the meeting was told.

The plan envisages development of roads, bridges, flyovers, underpass, foot-overbridges, storm water drainage in Navi Mumbai suburbs.