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

Vedanta Explores Biodiesel Use to Cut Emissions in Odisha

On World Environment Day, Indian mining and metals giant Vedanta Ltd announced plans to explore the use of biodiesel in its commercial vehicle fleet at the Jharsuguda township in Odisha.Vedanta Aluminium, a subsidiary of the group, said it has committed to decarbonising 100 per cent of its light motor vehicle fleet by 2030. As part of this initiative, the company is evaluating biodiesel following successful pilot runs to assess its viability in its commercial vehicles.In addition, Vedanta has started using biomass briquettes made from agricultural residue for co-firing at its Lanjigarh alumina..

Next Story
Infrastructure Transport

Delhi CM Announces Rs 240 Bn Infrastructure Overhaul

Delhi Chief Minister Rekha Gupta has unveiled a Rs 240 billion infrastructure overhaul aimed at transforming the Capital’s road network.Speaking at a press conference on Wednesday, Gupta announced that key arterial roads — Rohtak Road (Punjabi Bagh to Nangloi), Ashram to Badarpur, and MG Road — have now been transferred to the National Highways Authority of India (NHAI). These routes will be upgraded into signal-free corridors featuring comprehensive infrastructure upgrades, including drainage systems, side lanes, and real-time monitoring technologies.“Previously, multiple agencies res..

Next Story
Infrastructure Urban

PCMC Raises Rs 2 bn Via Maharashtra’s First Green Municipal Bond

Describing it as a landmark achievement, the Pimpri Chinchwad Municipal Corporation (PCMC) announced on Tuesday that it successfully raised Rs 2 billion through Maharashtra’s first Green Municipal Bond, drawing an overwhelming response from investors.The bond issue, launched on the BSE’s Electronic Bidding Platform via private placement, attracted bids totalling Rs 5.13 billion —more than five times the initial offer. The base issue of Rs 1 billion was fully subscribed within just one minute of opening, reflecting strong investor confidence, the civic administration said.Offered at a com..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?