Project News Detail
| Project No : | 202679 |
|---|---|
| Project Title : | MMRDA receives Rs 1,000 cr from BMC for Upgradation Projects in Mumbai. |
| Company Name : | Mumbai Metropolitan Region Development Authority |
| Project Detail : | The Mumbai Metropolitan Region Development Authority (MMRDA) has received Rs 1,000 crore from the BMC for upgrading public infrastructure in the city. The amount is a contribution towards the construction of metro rail corridors. This is one tranche of the total Rs 5,000 crore which the BMC had to pay MMRDA, the planning authority for Mumbai and its metropolitan region. Works on various multimodal projects, including the metro rail worth Rs 19,800 crore have been completed, of which 25 percent contribution needs to come from the BMC. According to a policy by the Centre, the contribution from the local municipal corporation will be 25 percent. Another 25 percent has to come from the state government and implementing agency, and the remaining 50 percent comes by raising debts through loans. MMRDA has undertaken 337 km of metro rail lines, and is already operating 20 km of the metro rail route (Lines 7 and 2A between Gundavali-Dahisar-Andheri West), is constructing other metro corridors of Lines 2B (DN Nagar-Mandale), 4 (Wadala-Kasarvadvali), 6 (Swami Samarth Nagar-JVLR-Kanjurmarg). It will also buy out Metro-1 on the Versova-Andheri-Ghatkopar corridor from Mumbai Metro One, for which the state cabinet has cleared Rs 4,000 crore. |
| Project Location : | Mumbai - Maharashtra - India |
| Project Estimation : | Refer Document |
| Status : | Announced |