The district land acquisition officers have placed a demand for Rs 3,500 crore before the Maharashtra State Road Development Corporation (MSRDC) for commencing the land acquisition process for the western phase of the proposed 170 km Pune Ring road.

The Maharashtra government is working on an ambitious plan of building a highway network of nearly 3,000 km with the hope of connecting a majority of the 36 districts in the state. The Maharashtra State Road Development Corporation is hoping to complete this road network in the next five years and estimates a total investment of Rs 3 lakh crore.

The Maharashtra State Road Development Corporation (MSRDC) has approved to raise over Rs 35,600 crore loan to pay compensation for land acquisition for their development. The move will provide a major push to the Virar-Alibaug multi-modal corridor and Pune ring road projects.

It has been decided to build a network of 5,267 km expressways in the state to reduce the distance between the districts by making communication facilities more efficient in Maharashtra. Accordingly, the Maharashtra State Road Development Corporation (MSRDC) will be working on expressways of about 4,217 km, while through the National Highways Authority (NHI), about 1,500 km of expressways will be constructed.

The Maharashtra State Power Generation Co (MAHAGENCO) and National Thermal Power Corporation will form a joint venture to set up an "ultra-mega solar park" in the state to generate 2,500 MW green power. The Rs 1,727-crore project proposal, kickstarted in 2020, was approved by the state Cabinet presided over by Chief Minister Uddhav Thackeray. As per the plans, the NTPC or its subsidiary and MAHAGENCO joint venture will have a capital investment of 50 per cent each for developing the ultra-mega solar power park, and the Energy Department will be the state nodal agency. The parks are proposed to be developed under engineering, procurement and commissioning (EPC) contracts in 3 stages on lands owned by the MAHAGENCO, and others belonging to the state, centre or privately owned properties for the mega-venture. A lumpsum fee from the project holder in the solar energy parks, operation and maintenance fees, etc shall be charged. For non-conventional energy sources, 17,360 MW capacity generation projects shall be developed by March 21, 2025, which would include 12,930 MW of solar power projects.

Even before the highway is thrown open for traffic, the under-construction corridor has received Rs 500 crore for the state exchequer.

The Maharashtra Government has announced an outlay of Rs. 1,500 crore in the state budget for acquiring 1,900 hectare of land for the proposed ring road project. The 173.7 km-long Pune ring road will be an eight-lane express highway with a designed vehicle speed of 120 km per hour.

The Maharashtra Government has announced an outlay of Rs. 1,500 crore in the state budget for acquiring 1,900 hectare of land for the proposed ring road project. The 173.7 km-long Pune ring road will be an eight-lane express highway with a designed vehicle speed of 120 km per hour.

The Maharashtra Government has announced an outlay of Rs. 1,500 crore in the state budget for acquiring 1,900 hectare of land for the proposed ring road project. The 173.7 km-long Pune ring road will be an eight-lane express highway with a designed vehicle speed of 120 km per hour.