Mumbai: Maharashtra's Chief Minister Devendra Fadnavis announced on Monday that the Union Environment Ministry has given the green signal for the proposed coastal road for Mumbai.

"It's a dream come true…Best gift to Mumbai by Modi government," Fadnavis tweeted on what could be the most ambitious infrastructure project for the country's commercial capital.

Fadnavis made the announcement after a meeting with Union Environment Minister Prakash Javadekar in New Delhi this morning.

He added that the coastal road will decongest traffic in the city and add 91 hectares of green space, taking Mumbai's infrastructure to the next level.

Taking a swipe at the previous Congress-Nationalist Congress Party government, he said that they only talked about the coastal road for five years.

"I had promised that (I) will get it approved in five months…Happy that it took even lesser time," the Chief Minister added, thanking Prime Minister Narendra Modi.

As per the time frame, the draft notification for the project will be issued by June 15, followed by the final notification by August 15.