Looking to develop 24 planned townships along the proposed ambitious 706-km Mumbai-Nagpur Expressway, the Maharashtra government has roped in the South Korean government to offer technical proficiency and financial backing to build these new cities.

The state government recently signed a Memorandum of Understanding (MoU) with the Korean Land and Housing Corporation, an undertaking of the South Korean government that specialises in land development, town planning and creation of housing stock.

Besides the Mumbai-Nagpur corridor, the MoU is also expected to cover other smart city projects being implemented in Maharashtra under the Centre’s ‘Smart Cities’ mission, as well as the revamp of Bandra’s government colony, a 93-acre sprawl of crumbling buildings near the Bandra Kurla Complex.