Mumbai’s ambitious metro rail project today received a shot in the arm with the Centre announcing the sanctioning of Rs 4,500 crore for its completion.
“Chief Minister Vilasrao Deshmukh had requested for funds from the Centre. The Centre is sanctioning Rs 4,500 crore as viability gap funding for the Mumbai Metro Rail Project (MMRP)” Union Urban Development Minister Jaipal Reddy said.
The phase I of the project includes construction of three corridors — 11 km Versova-Andheri-Ghatkopar, 38.2 km Colaba-Bandra-Charkop and 13.37 km Bandra-Kurla-Mankhurd.
A consortium led by Anil Dhirubhai Ambani Group’s Reliance Energy Ltd (REL) together with the Mumbai Metropolitan Region Development Authority (MMRDA) bagged the contract for the Rs 2,356-crore Phase-I.
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“Chief Minister Vilasrao Deshmukh had requested for funds from the Centre. The Centre is sanctioning Rs 4,500 crore as viability gap funding for the Mumbai Metro Rail Project (MMRP)” Union Urban Development Minister Jaipal Reddy said.
The phase I of the project includes construction of three corridors — 11 km Versova-Andheri-Ghatkopar, 38.2 km Colaba-Bandra-Charkop and 13.37 km Bandra-Kurla-Mankhurd.
A consortium led by Anil Dhirubhai Ambani Group’s Reliance Energy Ltd (REL) together with the Mumbai Metropolitan Region Development Authority (MMRDA) bagged the contract for the Rs 2,356-crore Phase-I.
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Bury
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I hope the sanctioned amount has adequate provisions for scuba diving gear for all divers, oops sorry, commuters :-)
Haha, good one. You will see this project budget bloating up at least three times. 4500 is for the completion, and mmrda spending half of it in phase 1 as per the pilan :)