Mumbai, 11th January 2024: Prime Minister Narendra Modi is set to inaugurate India’s longest sea bridge, the Mumbai Trans-Harbour Link (MTHL), on Friday. The 21.8-kilometer-long bridge, connecting Mumbai and Navi Mumbai, marks a significant milestone in the country’s infrastructure development. Initially conceived in the 1970s, the project was awarded in 2017 and completed in early 2022. The toll fee for one-way single-journey vehicles will be Rs 250.
In addition to the MTHL, Mumbai is gearing up for the launch of three other major projects in 2024, with a combined investment of over Rs 84,000 crore. These transformative projects include the Mumbai Metro Line-3, Navi Mumbai Airport, and the Mumbai Coastal Road. Analysts predict that their implementation will trigger a second phase of de-concentration in real estate, affecting property prices and prompting new utility projects.
Larsen & Toubro, the contractor for the MTHL, faced numerous challenges during the construction phase, including eco-sensitive zones and critical navigation channels. Despite these obstacles, the completion of MTHL stands as a testament to the determination and expertise of the involved teams.
The surge in infrastructure projects, including high-speed rail and utility-focused initiatives, positions Mumbai and Gujarat as vital markets. Industry experts foresee a second boom in utility-focused projects, such as inter-city roads, water supply systems, gas pipelines, and drainage systems, to complement the ongoing real estate development.
Ongoing and upcoming projects further solidify Mumbai’s commitment to comprehensive infrastructure development. These include a 2000 million litres per day Water Treatment Plant at Bhandup Complex, the second phase of the coastal road, an underground tunnel project in the southern part of the city, and a twin-tunnel project connecting Andheri and Borivali suburbs. The objective is to enhance connectivity, stimulate economic growth, and make Mumbai a more attractive hub for residents and businesses alike.