As the work on the Mumbai Trans Harbour Link (MTHL) goes on in full swing, the Japan International Cooperation Agency (JICA) has extended an Official Development Assistance (ODA) loan of 30,755 million Japanese Yen (approximately Rs 1,927 crore) for the project.
The MTHL — the only one-of-its-kind project in India — is expected to be operational by the end of 2023.
The project entails the construction of an 18-km-long marine road and a four-km-long land approach road that will connect Mumbai with the satellite township of Navi Mumbai across Mumbai Bay.
It will improve connectivity to the Navi Mumbai area, where further urban development is being planned, and will also contribute to the economic development of the Mumbai metropolitan area.
