Reliance Infrastructure has exited the second phase of the Mumbai Metro project, which was in limbo for five years. The company and the Maharashtra government have mutually terminated the contract, which would have connected the localities of Charkop, Bandra and Mankhurd. The contract was awarded to Reliance Group in 2009 at Rs 12,000 crore. Reliance Infrastructure attributed the cancellation of the Mumbai Metro Phase-II to the state government not being able to fulfill some obligations as per the concession agreement between the two.
Contact: Reliance Infrastructure.