The Maharashtra Budget has made a provision of Rs 750 crore for creating a water transport system along the west coast, connecting Nariman Point in South Mumbai with Borivali in the Western suburbs. The water transport services project on the west and east coast of Mumbai will be a reality by June 2014,
Maharashtra Deputy Chief Minister Ajit Pawar told the assembly while presenting the budget
Mr. Pawar who is also the State Finance Minister, in his budget speech said the target amount would be raised with equal contribution from the State government, the Mumbai Metropolitan Region Development Authority and City and the Industrial Development Corporation.
The east coast water transport project from Nerul to South Mumbai and further to Mandwa in Raigad district will be implemented on "Built Operate and Transfer" (BOT) mode by the Maharashtra State Road Development Corporation (MSRDC).
Both these projects are expected to be completed by June 2014, he said."As a result, fast, cheaper and environment friendly passenger transport facility will be available," he added.
Under the project, government agencies will build infrastructure like jetties and passenger facilities while private party will operate the ferry services.
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