Infra boost: State govt likely to give nod to two more Metro lines
The projects are part of the state government plan to develop a metro network of more than 172km in and around the city in next four to five yearsmumbai Updated: Sep 27, 2016 00:19 IST
Two big ticket infrastructure projects — Metro 2B connecting DN Nagar-Bandra-Mankhurd and Metro 4 connecting Wadala-Ghatkopar-Teen Hath Naka and Kasarwadavli — are expected to get the final nod from the Maharashtra government on Tuesday. The state ministerial council will deliberate on both the proposals that collectively cost around Rs 26,000 crore, said government sources.
The council, led by chief minister Devendra Fadnavis, is expected to clear the projects.
Prime Minister Narendra Modi is likely to attend the foundation stone laying ceremony (bhoomipujan) for the lines during his visit to Mumbai in October, sources said.
The Prime Minister was also invited for the bhoomipujan of Metro 2A and Metro 7 in October last year.
The Metro 2B line — covering a distance of 22km — will have an estimated cost of Rs10,896 crore. The Mumbai Metropolitan Region Development Authority (MMRDA) — the implementing agency — will contribute around Rs3,727 crore, the state’s share will be around Rs2,564 crore and Rs4,695 crore will be borrowed as credit assistance, sources told HT.
The 27km-long Metro 4 project will cost the state exchequer around Rs14,599 crore. MMRDA will contribute Rs6,940 crore, the state’s share will be R 3,693 crore and Rs 3,916 crore will be borrowed as credit assistance, the sources added.
The Asian Development Bank (ADB), which has already funded Metro 2A and Metro 7, has shown interest in financing both projects. The World Bank too has expressed interest in the same. The final decision is yet to be taken, said MMRDA officials.
The projects are part of the state government plan to develop a metro network of more than 172km in and around the city in next four to five years, said a senior official.