Maharashtra Govt Approves ₹22,250 Cr State Guarantee for Virar–Alibaug Multi-Modal Corridor Land Acquisition
The Maharashtra government has granted a ₹22,250 crore state guarantee to MSRDC for raising funds from HUDCO to acquire land for the Virar–Alibaug Multi-Modal Corridor. The approval comes with strict repayment conditions, escrow controls, and a revised financial structure approved by the Cabinet.