MMRCL to get Rs 1.88 billion, Pune Metro Rs 1.65 billion for transport projects

27 Sep 2024 CW Team

Just ahead of the launch of Phase I of Metro Line 3, the Maharashtra state government has announced the disbursement of funds collected through an additional 1% stamp duty on property transactions within municipal corporation areas to support urban transport initiatives. As part of this allocation, Mumbai Metro Rail Corporation Limited (MMRCL) will receive Rs 1.88 billion, while Pune Metro Rail will be provided Rs 1.65 billion.

In a government resolution issued, the state’s Urban Development Department confirmed that these funds are being allocated as outlined in the 2024-25 budget under the additional tax surcharge aimed at boosting infrastructure and public transportation projects across the state. (ET)

Infrastructure Transport

29 Oct 2025

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

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HUDCO, JNPA sign Rs 50 billion deal for port development

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