Rs12,618cr for two new Metro lines
The Metro-2 and Metro-7 projects will be launched by PM Narendra Modi during his visit to the city this Sundaymumbai Updated: Oct 07, 2015 01:27 IST
MUMBAI: Two new Metro lines that will be linked to the Versova-Andheri-Ghatkopar line and to a proposed integrated BEST bus service were approved by the state cabinet on Tuesday, with a March 2019 deadline.
The Metro-2 and Metro-7 projects will be launched by PM Narendra Modi during his visit to the city this Sunday.
Running 35.1-km long, the new lines — from Dahisar to DN Nagar (18.6km) and Dahisar East to Andheri East (16.5km) — will cost the state Rs12,618 crore and are part of the recently revised master plan to have a 118-km-long Metro network across Mumbai.
The two lines will run parallel to the Western Express Highway between Dahisar and Andheri, and are aimed at providing greater connectivity to the western suburbs.
Unlike Mumbai’s first metro line that was built on the public-private-partnership model, these two lines will be built by the state’s Mumbai Metropolitan Region Development Authority (MMRDA) through loans (cash-contract basis).
The 18.6-km long Dahisar East-DN Nagar line is part of the Dahisar-Charkop-Bandra-Mankhurd corridor (Metro-2) and will cost an estimated Rs6,410 crore. It will have 17 stations, with a car depot at Malwani.
The second line, from Dahisar East to Andheri East is 16.5-km long and will cost an estimated Rs6,208 crore. This is an entirely elevated line, with 16 stations and is part of the Metro-7 corridor. The car depot will be at Dahisar, on Central government land.
The MMRDA will contribute Rs4,212 crore; another Rs5,049 crore will be raised through loans from national and international financial institutions. The remaining funding is expected to come through equity by state and Central governments. Sources said the Asian Development Bank is likely to be the funding agency for both projects. The state government has decided to kick-start the actual work in the next few months, before the bidding process to select contractors starts.
During his visit, Modi is expected to lay the foundation stone for the two lines after a public rally at Bandra Kurla Complex. Before the bhoomipujan of the Metro lines, the PM will also lay the foundation for the Dr Ambedkar memorial at Indu Mills in Dadar.
The Opposition, however, has hit out at the state for the timing of the launch, saying the government was looking at political gain ahead of the Bihar Assembly elections.
In the proposal cleared by the cabinet, the proposed fare for both phases is Rs10 for up to 3km, Rs20 for up to 12km and Rs30 as the maximum fare.
The projects have been tagged an Important Urban Transport Project, and the MMRDA has been nominated as the special planning authority. The government has also proposed to levy a premium on additional FSI on land within 500 meters on both the sides of the corridor. The revenue generated from this premium will be shared between the state and MMRDA.
The project has also decided on getting revenue from advertisement and parking at the car depot.
First Published: Oct 07, 2015 00:33 IST