March 31, 2017
New Delhi, March 31, 2017: Japan International Cooperation Agency (JICA) today signed an agreement with the Mumbai Metropolitan Region Development Authority (MMRDA) under the guarantee of union government of India to provide 144,795 million Japanese Yen (approximately INR 8,600 crores) Japanese Official Development Assistance (ODA) loan to implement the Trans-Harbour Link Project in Mumbai. The ODA loan's conditions are very concessional, i.e. JPY LIBOR + 10 basis points interest rate (Japanese Yen London Inter-Bank Offered Rate + 0.1 %) for project activities and 0.01% interest rate for consulting services and 30 years of repayment period (including 10 years of grace period). The funding assistance would be utilized to develop an expressway link comprising of a dual three lane main-carriageway bridge connecting Sewri at the heart of Mumbai to Chirle in Navi Mumbai. The link would dramatically enhance connectivity and lead towards accelerating the growth and socio-economic development of Navi Mumbai and surrounding areas. The Project was conceived in the 1960s, more than 50 years back.
The agreement was signed in New Delhi between Mr. Takema SAKAMOTO, Chief Representative, JICA India Office and Mr. U.P.S. Madan, MMRDA.
"The Mumbai Trans-Harbour Link (MTHL) would bring a major change in the development of Mumbai city and its suburban areas. The link would provide a crucial connectivity for the proposed Navi Mumbai Airport and promote socio-economic development of whole Mumbai Metropolitan Region. MTHL, the country's longest sea link will significantly reduce the travel distance and time between Mumbai and Navi Mumbai and would help in decongestion of Mumbai city to a great extent" said, Takema Sakamoto, Chief Representative, JICA India Office.
The Project will be implemented by MMRDA, Government of Maharashtra, and is envisaged to be completed by 2021-22. The MTHL is about 22km long road across the Mumbai Bay and is to be constructed with approach sections, interchanges, Intelligence Transport System (ITS) and the other necessary facilities for full access-controlled marine bridges. With the installation of CCTV cameras and related facilities, the monitoring and management of the traffic conditions of the whole stretch of MTHL will be enabled in the Traffic Control Center. In addition, Variable Message Signs (VMS) will display the appropriate information for road users.
According to Mumbai Traffic Police, about 12% of the total number of vehicles in Maharashtra are in Mumbai. More than 30 lakh vehicles are registered with Mumbai's regional transport office (as on January 2017, accumulated total vehicle number), and the number keeps growing with the addition of about 450 vehicles each day. While the internationally accepted density of vehicles per km road is approximately 300, currently, the density per km, in Mumbai, has already crossed 1,000 vehicles. Due to reduction of travel time between Mumbai and Navi Mumbai, the future residential and employment growth is likely to get attracted to the Navi Mumbai area leading to accelerated socio-economic growth. Furthermore, opening of the MTHL would contribute to reducing the travel time between Mumbai Port and Pune, where global manufacturers, particularly in the automobile sector, have established their production units.
A birds-eye-view of MTHL (Upper: Mumbai side, Lower: Navi Mumbai side)
L-R: Mr. Takema Sakamoto, Chief Representative, JICA India Office, Mr. UPS Madan, Municipal Commissioner, MMRDA, Mr. S. Selvakumar, Joint Secretary , Department of Economic Affairs (DEA) at the Loan Agreement Signing of MTHL
Established, by a specific law, as an independent administrative institution under the Government of Japan, the Japan International Cooperation Agency (JICA) aims to contribute to the promotion of international cooperation, as a sole Japanese governmental agency in charge of ODA implementation. JICA is the world's largest bilateral donor agency. JICA works as a bridge between Japan and emerging countries, and provides assistance in forms of loan, grant and technical cooperation so that the emerging countries can strengthen their capabilities.