{
  "id": 9613256,
  "title": "Virar-Alibaug Multi-Modal Corridor Work Likely By March 2027, Awaits Centre’s VGF Approval",
  "url": "https://urgent.news/2026/09/24/virar-alibaug-multi-modal-corridor-work-likely-by-march-2027-awaits",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-24T18:50:43.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/virar-alibaug-multi-modal-corridor-work-likely-by-march-2027-awaits-centres-vgf-approval"
  },
  "original_language": "en",
  "account": "Mumbai, September 24, 2026: Maharashtra State Road Development Corporation (MSRDC) is awaiting approval from the central government for viability gap funding (VGF) to kickstart construction of the Virar-Alibaug Multi-Modal Corridor, according to Dr Anil Kumar Gaikwad, the project's Managing Director. The BOT model-driven initiative is slated for a March 2027 start. The project, which requires 17% of its cost as VGF, a funding amount that falls within the Centre's provision of up to 20%, has been submitted for approval. The VGF funding will connect the corridor to the Jawaharlal Nehru Port, Navi Mumbai International Airport, and the Mumbai Trans Harbour Link, creating a ring road network around Mumbai. The Alibaug-Virar corridor will link to the Atal Setu through the Morbe-JNPT Highway spur, and extend to the Virar Sea Link, Bhayandar-Versova-Worli Sea Link, and the Coastal Road. With over half of the land acquisition completed, the project's next critical step awaits the Centre's decision on the VGF proposal, as officials emphasized. The land acquisition process is estimated to cost Rs 22,000 crore.",
  "summary": "Mumbai, September 24, 2026: The Maharashtra State Road Development Corporation (MSRDC) is awaiting the Centre’s approval for viability gap funding (VGF) for the proposed Virar-Alibaug Multi-Modal Corridor, with construction work likely to begin by March next year, said Dr Anil Kumar Gaikwad, the implementing agency’s MD. The project is being implemented under the Build-Operate-Transfer (BOT)…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}