BMC allocates Rs 10 bn to MMRDA for upgrades
It was mentioned that several multimodal projects, including a metro rail endeavor valued at Rs 198 billion, had been successfully concluded. According to the policy set forth by the Centre, it was mandated that 25% of the funding be sourced from the local municipal corporation, in this instance, the BMC. An additional 25% was anticipated to be contributed by the state government and the implementing agency. The remaining 50% of the project expenditure was slated to be procured through loans.
The Mumbai Metropolitan Region Development Authority (MMRDA) disclosed that it was actively involved in the operation and construction of a cumulative 337 km of metro rail lines. At present, a segment measuring 20 km, encompassing Lines 7 and 2A between Gundavali-Dahisar-Andheri West, had commenced operations. Concurrently, efforts were underway for the construction of other metro corridors, such as Lines 2B (DN Nagar-Mandale), 4 (Wadala-Kasarvadvali), and 6 (Swami Samarth Nagar-JVLR-Kanjurmarg). Furthermore, it was revealed that MMRDA had intentions to acquire Metro-1 on the Versova-Andheri-Ghatkopar corridor from Mumbai Metro One. Approval amounting to Rs 40 billion for this acquisition had been granted by the state cabinet.