Delhi-Mumbai Industrial Corridor may cost $100 bn

December 1st, 2010 - 7:20 pm ICT by IANS  

New Delhi, Dec 1 (IANS) The proposed Delhi-Mumbai Industrial Corridor is likely to cost nearly $100 billion, a significant portion of which will come through public-private partnership, Minister of State for Commerce and Industry Jyotiraditya M. Scindia said Wednesday.

“A rough estimate of the various projects to be implemented to develop the corridor is around $90-100 billion. A significant portion of the required investment is proposed to be met through public-private partnership,” Scindia said in written reply to a question in the Rajya Sabha.

Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) plans to develop 24 industrial cities over 5,500 sq km between the political capital and the business capital of the country. The project covers a length of 1,483 km.

“DMICDC has requested the government of India’s assistance for infrastructure projects under the DMIC that are not amenable to PPP mode,” said Scindia.

Scindia said the government has accorded “in-principle” approval to the DMIC project that aims at creating a strong economic base with a globally competitive environment and state-of-the-art infrastructure.

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