The Proposed Development of Kalamboli Junction is being executed under a project awarded by the Maharashtra State Infrastructure Development Corporation (MSIDC), with funding support from NHAI through a deposit contribution model. The project has a tender cost of INR 482.07 Cr and an administrative cost of INR 770.49 Cr. The total duration for completion is 18 months. The Letter of Award was issued on 08.10.2024, referenced as MSIDC/1170/2024. Thakur Infra Projects Pvt. Ltd. (TIPL) is appointed as the EPC Contractor, while TPF Engineering Pvt. Ltd., in association with MAV, is serving as the Authority’s Engineer.