MSRDC to float bonds worth Rs 277.50 billion for 136 km corridors

The Maharashtra State Road Development Corporation (MSRDC) is set to float bonds worth Rs 277.50 billion to fund the Pune ring road project and the Virar-Alibaug multimodal corridor. Around Rs 222.50 billion will be allocated to the multimodal hub and about Rs 55 billion to the Pune Ring Road project. With 90 per cent of land acquired for the western phase of the Pune ring road and significant progress in land acquisition for the eastern phase, construction is slated to begin post-monsoon, targeting completion by September 2027. The western corridor, spanning 65.45 km, will be constructed in five phases, while the 71.35 km eastern corridor will be built in four phases.