State infrastructure development authorities MMRDA and MSRDC have decided to swap two crucial projects Virar-Alibaug multimodal corridor and the Thane-Borivali twin tunnel.
The Mumbai Metropolitan Region Development Authority (MMRDA) on Wednesday tweeted that the authority has taken over the tunnel project from Maharashtra State Road Development Corporation (MSRDC) and handed over the multimodal corridor project to the latter.
According to reports, the decision to swap the projects was taken during a meeting between the two authorities in August.
The 126-km corridor is expected to be a crucial step towards development, strengthening and creating job opportunities in seven growth centres in MMR such as Virar, Bhiwandi, Kalyan, Dombivali, Panvel, Taloja and Uran.
