A memorandum of understanding (MoU) has signed between Mumbai Metropolitan Region Development Authority (MMRDA) and Korea's Ministry of Land, Infrastructure and Transport for preparing a master plan for developing eastern parts of the Mumbai metropolitan region.
The MoU is 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.
MMRDA is sure that the Virar-Alibaug corridor which passes through the eastern part of Mumbai metropolitan region will trigger urbanisation along the corridor and a master plan for the areas around this corridor will be necessary for its orderly development.
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.