The Mumbai Metropolitan Region Development Authority has sanctioned Rs.35,400 crore for 118 km of Metro corridors across Mumbai and Thane. The decision was taken in a meeting chaired by chief minister Devendra Fadnavis.
The fund will be used for the 40 km Dahisar-Charkop-Bandra-Mankhurd Metro-II, 40 km Wadala-Ghatkopar-Thane-Kasarvadavali Metro-IV corridor via Wadala GPO and R A Kidwai Marg, 27 km Dahisar (E)-Andheri (E)-Bandra (E) Metro V and 11 km Jogeshwari-Vikhroli Link Road Metro VI corridors.
“The authority has accepted detailed project reports for the 16.5m Andheri (E)-Dahisar (E), which is part of Metro V , and 18.6m Dahisar-DN Nagar, which is part of Metro II, that were prepared by Delhi Metro Rail Corporation,“ said an MMRDA spokersperson. The Andheri (E)-Dahisar (E) corridor is estimated to cost Rs.4,737 crore, while the Dahisar-DN Nagar corridor will cost around Rs.4,994 crore. “Work on these two stretches will begin before this financial year end,“ said additional metropolitan commissioner Sanjay Sethi.
Funds for the project would be raised from financial institutions, including international ones such as the World Bank and the Japan International Cooperation Agency .
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