MMRDA signs MoU with Korea government

October 11, 2013

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By Rachita Prasad, ET Bureau

Mumbai Metropolitan Region Development Authority (MMRDA) has signed a memorandum of understanding with Korea’s Ministry of Land, Infrastructure and Transport for preparing a master plan for developing eastern parts of the metropolitan region.The plan would look at developing the 126-km long Virar-Alibaug Multi-Modal Corridor, which was highly recommended by the Comprehensive Transportation Study conducted by the MMRDA and funded by the World Bank.

“We are sure that the Virar-Alibaug corridor which passes through the eastern part of Mumbai metropolitan region will trigger urbanization along the corridor and a master plan for the areas around this corridor will be necessary for its orderly development. The study will also identify growth centers which will afford stability to the spill-over areas”, Ashwini Bhide, additional metropolitan commissioner, MMRDA, was quoted as saying in the release.

The Korean team will share best practices with MMRDA’s planners and work out a detailed master plan and land development models along with funding patterns beginning January 1, 2014. The plan, development models and the funding patters will then be submitted to the state government, for approval, within a period of one year.

The study will be financed by the Korean Government and will also involve training of high level officials of MMRDA. The study will enable MMRDA approach global funding agencies such as World Bank and Japanese Cooperation Agency (JICA) for funding of the project.

“The Korean model of land use development has faced similar constraints as are being faced in India and could be suitably modified and used in developing the eastern Mumbai metropolitan region, especially around the Multi-Modal Corridor. By roping in the Korean expertise and best practices we will be able to use the land itself as a resource to fund our infrastructure requirements”, said Bhide.

Source-http://economictimes.indiatimes.com