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Maharashtra CM Approves Outer Ring Road, Logistics Hubs, IBFC And Funding Plan For Nagpur Under NMRDA

Maharashtra CM Approves Outer Ring Road, Logistics Hubs, IBFC And Funding Plan For Nagpur Under NMRDA

Swarajya 1 week ago

A major push to infrastructure and urban planning in Nagpur has been set in motion after Maharashtra Chief Minister Devendra Fadnavis approved a series of key development proposals under the Nagpur Metropolitan Region Development Authority.

The decisions were taken during the authority's 11th meeting held at Sahyadri Guest House, where senior ministers and officials participated both in person and via video conferencing.

Among the most significant clearances is the construction of an outer ring road encircling the city, along with four major traffic islands designed to function as integrated truck and bus terminals.

The meeting also approved plans for establishing an International Business and Financial Centre (IBFC) within the New Nagpur area, signalling a long-term vision to position the city as a hub for commerce and investment.

To support these projects, the Metropolitan Commissioner has been authorised to enter into financing arrangements, including agreements under HUDCO schemes, and to raise loans as required.

In addition to project approvals, the authority cleared revised budget estimates for 2025-26 and outlined projections for 2026-27, reflecting an expanded investment pipeline.

Measures to improve administrative efficiency, including changes to decision-making procedures, were also endorsed.

Infrastructure planning extended to water security as well, with approval granted for acquiring land to facilitate a proposed channel linking the Gosikhurd Irrigation Project to the metropolitan region under the broader Wainganga-Nalganga River Link Project.

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