Mumbai gets two Metro lines, developer for new airport | mumbai news | Hindustan Times
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Mumbai gets two Metro lines, developer for new airport

First to get a nod were the detailed project reports of the Thane-Bhiwandi-Kalyan (Metro 5) corridor and Swami Samarth Nagar-Jogeshwari-Kanjurmarg (Metro 6) corridor

mumbai Updated: Oct 25, 2017 10:00 IST
HT Correspondent
The first phase of the Rs16,000-crore project is slated to be completed by December 2019.
The first phase of the Rs16,000-crore project is slated to be completed by December 2019.

The Maharashtra cabinet cleared a slew of big-ticket infrastructure projects on Tuesday. It approved two Metro corridors and gave its nod to the construction bid of the Navi Mumbai International Airport (NMIA). In another key decision, the state government amended its policy on the adoption of the hybrid annuity model (HAM) for road projects to attract more contractors.

First to get a nod were the detailed project reports (DPRs) of the Thane-Bhiwandi-Kalyan (Metro 5) corridor and Swami Samarth Nagar-Jogeshwari-Kanjurmarg (Metro 6) corridor. With this the Mumbai Metropolitan Region Development Authority (MMRDA) will begin work on the two Metro lines. “The focus of the state is to develop the infrastructure of Mumbai because it is a global city. Today, the cabinet approved the DPRs of two Metro lines,” state finance minister Sudhir Mungantiwar told reporters after the cabinet meeting.

According to the MMRDA’s plan, the Metro 6 corridor, which will go via the Jogeshwari-Vikhroli Link Road (JVLR), will have 13 stations along the route. The 24-km Metro-5 corridor will connect Thane and Kalyan via the power loom town of Bhiwandi, and will have 17 stations. The 14.47-km Metro-6 corridor will be the second Metro line in the city to provide the crucial east-west rail connectivity after the Versova-Andheri-Ghatkopar Metro line. The estimated cost of Metro-6 is Rs6,672 crore, while Metro-5 is estimated to cost around Rs8,416 crore. The two elevated corridors will have interchanges with existing, under-construction Metro corridors and also with the suburban railway network in the city.

The cabinet also cleared the GVK-led Mumbai International Airport Limited’s (MIAL) bid to construct the NMIA. The first phase of the Rs16,000-crore project is slated to be completed by December 2019. GVK, which constructed the Mumbai airport, beat GMR Airport in the bidding process. Mungantiwar said, “We are determined to complete phase 1 of the project by the end of 2019.” Phase 1 includes levelling a hill and diverting a river. With the state cabinet’s approval in place, the letter of intent will be issued to GVK, said a senior official from state urban development department (UDD).

According to a senior bureaucrat, the government has decided to change its policy on HAM. Earlier, the state was looking to hand over road contracts for a minimum length of 100km. On Tuesday, the cabinet reduced the minimum length to 50km. In a cabinet decision in November 2016, the state government had decided to contribute 40% of the cost. However, they revised the decision and the state will now contribute 60% of the cost. The private player would recover its cost in 10 years through instalments from the government, as against the earlier period of 15 years.

The cabinet also gave its nod for the formation of a special purpose vehicle (SPV) to execute the 701-km Mumbai Nagpur expressway. All funds required for the project will be raised through the SPV, Nagpur Mumbai Super Communication Expressway Ltd.

Read more:
Mumbai’s second airport finally takes wing, work to start in Navi Mumbai in January 2018