Maharashtra Sanctions Rs.11.63 Bn for Metro-3 Project

02 Jul 2024 CW Team

Maharashtra state government has sanctioned ?11.63 Bn for the Mumbai Metro-3 project, a significant boost towards advancing this crucial infrastructure initiative in Mumbai. The funding allocation aims to accelerate the construction and completion of Metro-3, which is set to enhance urban mobility and alleviate traffic congestion in the bustling city.

The Mumbai Metro-3 project, also known as the Colaba-Bandra-SEEPZ corridor, is a key component of Mumbai's metro expansion plans. It spans across 33.5 kilometres and aims to connect major business hubs, residential areas, and educational institutions, catering to the growing transportation needs of Mumbai's residents.

The sanctioned funds will be utilised for various aspects of the project, including construction, procurement of equipment, and ensuring timely completion of different phases. This financial support underscores the state government's commitment to enhancing public transportation infrastructure and promoting sustainable urban development in Mumbai.

Metro-3 is expected to significantly reduce travel time, provide a comfortable commuting experience, and contribute to reducing vehicular congestion and pollution in Mumbai. The project is also aligned with Maharashtra's vision to create modern, efficient, and environmentally friendly transportation systems that support economic growth and improve the quality of life for residents.

The approval of ?11.63 billion marks a critical step forward in realising the Mumbai Metro-3 project's goals, reinforcing its importance in transforming Mumbai's urban transport landscape and meeting the city's growing mobility demands.

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