'Securitisation of Samruddhi Expressway's rights will fetch Maha Rs 50k cr'

Maharashtra will earn Rs 50000 crore from the securitisation of rights of the MumbaiNagpur Samruddhi Expressway which can be loosely termed as a sale and it will ease the financial burden on the state over its construction Deputy Chief Minister Devendra Fadnavis said on ThursdayThe 701kilometre sixlane corridor which is being built at an estimated cost of Rs 55000 crore passes through 10 districts and the 520kilometre Nagpur to Shirdi stretch was inaugurated in December last yearSpeaking at an event organised by Marathi news channel Mumbai Tak Fadnavis said By securitising the rights which loosely can be described as sale Maharashtra government will earn Rs 50000 crore With this the state will be free in the next two years from the debt of constructing the Samruddhi ExpresswayIt will remove the states financial burden and the money raised through securitisation can be used for other issues he addedAsked about Maharashtra lagging behind some other states in attracting FDI the senior Bharatiya Janata Party leader said During my tenure as chief minister between 201419 the FDI attracted by Maharashtra was much higher than the following states combinedAlso Read CM Shinde had cried and said he will be jailed if he didnt hop over to BJPSome states like Andhra Pradesh and Telangana did not fulfil all the promises they made to the industries while inviting them to invest which was something Maharashtra never did he said adding the state did lose out to Bengaluru for some time in attracting start ups and financial technology firmsHowever once the trans harbour bridge MTHL connecting Mumbai with Navi Mumbai and the missing link of the MumbaiPune Expressway commences there will be a third Mumbai that will come up in that region The trans harbour link and the new airport in Navi Mumbai will offer a good ecosystem to companies he assertedMaharashtra alone has Indias 65 per cent data centre capacity he said adding data is now bigger than oil Fadnavis said Maharashtra Gross State Domestic Product GSDP was around Rs 34 lakh crore and was heading towards the Rs 40 lakh crore markThe states debt is close to Rs 6 lakh crore which is well within stipulated limits as per Fiscal Responsibility and Budget Management Act he addedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever