MMRDA to tap monorail depot, stations in Mumbai for non-fare revenue
Mumbai city news: The move is aimed to generate revenue for the monorail project that has been running in loss since it began operations in February 2014mumbai Updated: Jul 08, 2017 09:33 IST
The Mumbai Metropolitan Region Development Authority (MMRDA) wants to explore the commercial potential of the monorail depot at Wadala. The regional development body has invited bids to carry out a techno-economic feasibility survey to see if any commercial or residential project can be taken up at the 15-acre plot at Wadala. The MMRDA is also planning similar surveys at 17 monorail stations to earn non-fare revenue.
Senior MMRDA officials said the move is aimed to generate revenue for the monorail project that has been running in loss since it began operations in February 2014. The MMRDA estimates that monorail is incurring a loss of Rs 9 lakh to Rs 10 lakh per day.
UPS Madan, metropolitan commissioner, MMRDA, said, “Not just the depot, we are also trying to see if we can commercially use empty spaces at stations and piers (pillars). We want to see if they have the potential and for that we have invited bids to appoint a consultant.”
Officials said they are planning “integrated development” of the area. “We are looking at integrated development of the area as it is going to be another plush business district just like Bandra-Kurla Complex (BKC). The area has a lot of potential. We also need alternate source of revenue as public transport projects are not financially viable,” said a senior MMRDA official.
Of the total 109 hectares in Wadala that the MMRDA holds, parts were leased out for proposed truck terminus, sold to Lodha Group for a residential township in an auction, designated as salt-pan land and a portion is occupied by the monorail car depot.
The Wadala depot is currently used by Scomi Engineering, which operates the corridor to run the 8.9-km-long Chembur-Wadala arm of the line. The phase-II of the line between Wadala and Jacob Circle is expected to be commissioned by year end.