Mumbai gets Rs 200 billion projects
ECONOMY & POLICY

Mumbai gets Rs 200 billion projects

Prime Minister Narendra Modi recently initiated for India’s financial capital, projects worth Rs 200 billion. These projects have been initiated in line with the ‘Mumbai in Minutes’ vision. The projects reportedly include new metro lines, Metro Bhavan and new facilities at metro stations that are expected to give a new dimension to Mumbai and make it convenient for city residents. Reportedly, Rs 200 billion have been initiated in Mumbai while Rs 1.5 trillion has already been invested in Mumbai Metro.

The three metro lines, for which the foundation stone was laid, will together add more than 42-km to the metro network of Mumbai. The three corridors are: the 9.2-km Gaimukh-Shivaji Chowk (Mira Road) Metro-10 Corridor, the 12.7-km Wadala-CST Metro-11 Corridor; and the 20.7-km-long Kalyan-Taloja Metro-12 Corridor.
The state-of-the-art Metro Bhavan will be a 32-storey centre that will operate and control 14 metro lines measuring around 340 km.

Further, the Bandongri Metro Station at Kandivali East was also inaugurated; along with a state-of-the-art metro coach – the first metro coach under the government’s Make in India initiative.

In line with the ‘Mumbai in Minutes’ goal, a vision document has been released to provide better infrastructure for the Mumbai Metropolitan Region (MMR). As reported, the document explains how to make the best use of various modes of transport. A master plan has also been made for Mumbai Metro, which is expected to see a significant expansion in the coming years.

With Mumbai’s current metro network at 11 km, the city is expected to witness a network of 325 km by 2023-24. Further, the metro projects are expected to create job opportunities for about 10,000 engineers and 40,000 skilled and unskilled workers.

Prime Minister Narendra Modi recently initiated for India’s financial capital, projects worth Rs 200 billion. These projects have been initiated in line with the ‘Mumbai in Minutes’ vision. The projects reportedly include new metro lines, Metro Bhavan and new facilities at metro stations that are expected to give a new dimension to Mumbai and make it convenient for city residents. Reportedly, Rs 200 billion have been initiated in Mumbai while Rs 1.5 trillion has already been invested in Mumbai Metro.The three metro lines, for which the foundation stone was laid, will together add more than 42-km to the metro network of Mumbai. The three corridors are: the 9.2-km Gaimukh-Shivaji Chowk (Mira Road) Metro-10 Corridor, the 12.7-km Wadala-CST Metro-11 Corridor; and the 20.7-km-long Kalyan-Taloja Metro-12 Corridor.The state-of-the-art Metro Bhavan will be a 32-storey centre that will operate and control 14 metro lines measuring around 340 km.Further, the Bandongri Metro Station at Kandivali East was also inaugurated; along with a state-of-the-art metro coach – the first metro coach under the government’s Make in India initiative.In line with the ‘Mumbai in Minutes’ goal, a vision document has been released to provide better infrastructure for the Mumbai Metropolitan Region (MMR). As reported, the document explains how to make the best use of various modes of transport. A master plan has also been made for Mumbai Metro, which is expected to see a significant expansion in the coming years.With Mumbai’s current metro network at 11 km, the city is expected to witness a network of 325 km by 2023-24. Further, the metro projects are expected to create job opportunities for about 10,000 engineers and 40,000 skilled and unskilled workers.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement