Centre sanctions Rs 4,500 cr for metro rail
Mumbai's ambitious metro rail project on Wednesday received a shot in the arm with the Centre sanctioning Rs 4,500 crore for its completion.
"Chief Minister Vilasrao Deshmukh had requested for funds from the Centre. The Centre is sanctioning Rs 4,500 crore as viability gap funding for the Mumbai Metro Rail Project (MMRP)," Union Urban Development Minister Jaipal Reddy on Wednesday said.
Reddy was in the city to attend Sant Gadgebaba Rural Cleanliness Campaign Award functions. The awards were given to various municipal corporations and councils.
The total amount required for the MMRP, to be completed in three phases, is Rs 22,000 crore. The proposed metro links for the city in the first phase are from Versova to Ghatkopar and Charkop-Bandra-Mankhurd as east-west suburban corridor and Colaba to Bandra as a north-south corridor.
Reddy also said that Jawaharlal Nehru Urban Renual Mission is doing well in Maharashtra. The state's Employment Gurentee Scheme model is being replicated nation-wide, he added.