The inauguration of Atal Setu, also known as the Mumbai Trans Harbour Link (MTHL), is a new architectural development in India. Today, all eyes would be on the inauguration of this longest sea bridge, sprawling at 22 km, covering 16.5 lengths over the sea, & 5.5 km length over the land. The total cost for the construction of this bridge is known to be around Rs 17,840 crore. It will benefit in shortening the distance between Mumbai to Navi Mumbai in 20 minutes, which took 2 hrs earlier.
The Atal Setu inauguration will occur on 12th January 2024 by the honourable Prime Minister of India, Narendra Modi. It is an initiative by the Mumbai Metropolitan Region Development Authority (MMRDA). The sea bridge will now be used for your daily commuting, & will be a pavement of 70,000 vehicles running on it.
The bridge will be a beneficial factor in being a joining link from Mumbai to Navi Mumbai. This 6-lane highway measures 27 m in width, adding 2 emergency exit lanes, an edge strip, & crash barrier. This new MTHL bridge will now be known as the longest sea bridge in India & the 12th longest in the world.
The bridge will commence from Sewri, South Mumbai, passing through Thane Creek North of Elephanta Island, & concluding at Chirle near Nhava Sheva in Uran taluka. The road from this longest sea bridge will connect the Mumbai-Pune Expressway in the east, whereas, in the west, it will be linked to an under-construction Coastal Road.
Mumbai Trans Harbour Link Inaugurated By PM Modi
The Trans Harbour Link will be launched on 12th January 2024 by Prime Minister Narendra Modi. This new development is a New Year treat for the people of Maharashtra, who will benefit from this sea bridge. As the name suggests, India’s longest sea bridge, Mumbai, has been named after the late former Prime Minister of India, Shri Atal Bihari Vajpayee.
This new initiative by PM Modi reflects his vision of making India march towards economic development & making the country more self-reliant with technological advancement. He aims to bring India to the top list of developed countries like the USA, Japan, & other nations by transforming it from the stage of developing to a developed nation in the coming decades.
Major Advantage Of Mumbai Trans Harbour Link (MTHL)
The launch of Mumbai Trans Harbour Link has many advantages that everyone must be familiar with. This incredible development will benefit in many ways. Let’s find out what are they:
- Mumbai Trans Harbour Link or Atal Setu will save your lot of time while travelling.
- It will bring down functional costs of vehicles in Navi Mumbai.
- The Trans Mumbai Link will prove environmentally friendly from pollution & emission of excess fuel.
- The bridge won’t lead to a situation of traffic snarl & too much congestion.
- The connectivity between Mumbai Port Trust (MbPT) & Jawaharlal Nehru Port Trust (JNPT) Ports will become better.
- The accessibility to Navi Mumbai Airport will become easier with the Trans Harbour bridge.
- India’s longest sea bridge will connect Mumbai with Pune Expressway & South Indian Expressway.
- The rationalised prices of real estate properties will also be confirmed with this connectivity in the Greater Mumbai area.
- This new development will result in expanding the economic consolidation of the city with not only Navi Mumbai, but other regions as well, including Goa, Alibag, Panvel, & Raigad.
Top Sectors That Will Benefit From The Launch Of Atal Setu
Launching Atal Setu will prove a significant advantage in covering short distances when travelling from South Mumbai to Navi Mumbai. The construction of MTHL will bring a solid status to Mumbai, making it a high-spirited real estate hub, & resulting in the stimulating growth of real estate.
- Infrastructure & Construction
The MTHL bridge inauguration will bring a positive move in Mumbai’s infrastructure sector. Jefferies, a brokerage firm, believes that with the help of this initiative, the completion of $10 billion in projects by the Mumbai metro area is expected to be done by the end of 2024. The other projects worth $60 billion will be done in the coming years. This is all possible with Atal Setu.
- Real Estate
With the help of the MTHL bridge, changes are expected in places like Chembur, Panvel, & Ghatkopar. By 2025, it will likely see a rise in the annual leasing activity by 20 to 25%, with around 9 million sq. ft. of introduction of supply in Navi Mumbai. With better connectivity of the bridge, the areas near MTHL will be taken into consideration, & there will also be a rise in price by 50 to 60%.
- Ports & Logistics
Apart from benefiting from shorter distances, people will also witness a reduction in transportation costs, which will help the logistics sector. There will be more increase in the freight forwarding & container transportation business volumes. The logistics operations in the Mumbai-Navi Mumbai corridor operating company, Container Corporation of India Ltd owning Jawaharlal Nehru Port Trust, Adani Ports, & others.
- Tourism & Hospitality
The Atal Setu bridge construction is a boon for the tourism & hospitality industry as it will trigger tourists from India & abroad. Also, this trans-harbour connectivity will be an advantage in linking the rural areas, rise in demand for homestays, & immersion of different cultures per modern travellers’ choice. The rise in tourism will boost hospitality, resulting in higher hotel occupancy rates. Business tourism will also be at an advantage other than industrial & IT development.
jüSTa Hotels & Resorts is a big name in the hospitality industry, with many hotels & resorts located in the major states of India. It has a luxury resort in Kolad named jüSTa Rudra Resort & Spa in Maharashtra’s Raigad district. Earlier, where it took more than 3 hrs for tourists to reach this hidden hamlet from Mumbai, now, with the launching of the Mumbai Trans Harbour Link (Atal Setu), they can reach Kolad in 2 hrs. Kolad today has become a top-rated travel destination with its famous white river rafting sport & other hidden gems that you will come to know when exploring it. The benefit you get from this new technological innovation will let you enjoy your weekend trip with your family.