Delhi-Mumbai Industrial Corridor making progress: Mukherjee

March 16th, 2012 - 7:35 pm ICT by IANS  

Pranab Mukherjee New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee Friday informed the Lok Sabha that the Delhi-Mumbai Industrial Corridor (DMIC) is making significant progress.

“The DMIC is being developed on either side along the alignment of the western dedicated rail freight corridor. The project has made significant progress,” Mukherjee told the parliament while presenting the union budget 2012-13.

The government had in September 2011 approved a central assistance of Rs.18,500 crore spread over a period of five years to DMIC.

According to Mukherjee, the Japanese Prime Minister had announced a loan of $4.5 billion as its participation share in the DMIC project.

The DMIC is a mega infra-structure project worth $90 billion with the financial and technical aid from Japan, covering an overall length of 1,483 km between Delhi and Mumbai.

The project incorporates nine mega industrial zones, high speed freight line, three ports, and six airports, a six-lane intersection-free expressway connecting the country’s political and financial capitals.

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