Once completed, the Delhi-Mumbai Industrial Corridor (DMIC) project will be the largest infrastructural project in the world. Inspired by Japan’s Tokyo-Osaka industrial corridor, it will start outside Delhi and end in Maharashtra.
Conceptualized by the United Progressive Alliance government in 2007 and approved by the cabinet in 2011, the work on the project has started this year with tenders being approved for the initial infrastructure of sewage pipes, water supply and roads.
The Dedicated Freight Corridor built by the Indian Railways will be the backbone of the project allowing to transport goods manufactured near Delhi to the ports of India’s west coast within only 16 hours. In order to sustain the freight corridor and decrease costs, the project intends to develop 23 manufacturing hubs along the corridor. To support the urbanization trend in India, 24 green and self-sustaining cities are planned along the corridor to accommodate several hundreds of million people.
The Dedicated Freight Corridor is expected to be completed by 2017, and the whole project is believed to create more then 25 million jobs within the next seven years.
The project is owned by the government of India, the Japan Bank for International Co-operation and other government-owned financial institutions and estimated to cost USD100 billion.