Maharashtra Cabinet approves Rs 55,000 crore Mumbai Urban Transport Project-3A

Maharashtra Cabinet approves Rs 55,000 crore Mumbai Urban Transport Project-3A

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Date of Post: 07 Dec, 2018

Mumbai: The Maharashtra Cabinet on Wednesday approved the Rs 55,000 crore Mumbai Urban Transport Project 3A (MUTP-3A), moved one step closer to implementation of several big-ticket rail infrastructure projects.

Some of the major projects covered under MUTP-3A include-

  • CSMT-Panvel elevated fast corridor (Rs 12,331 crore)
  • New Virar-Panvel corridor (Rs 7089 crore)
  • Procurement of 210 air-conditioned EMUs (Rs 17,374 crore)
  • Extension of Harbour line between Goregaon and Borivali (826 crore)
  • Implementation of new CBTC (Communications-Based Train Control) signalling system
  • Introduction of 2 more lines between Borivali and Virar
  • Upgradation & modernisation of 16 suburban stations.

More Information:

  • With the cabinet nod in place, the proposal will now be sent to Railway Board and Niti Aayog.
  • Following an Extended Board Review, it will be placed before the Cabinet Committee of Economic Affairs (CCEA) for final approval.
  • The cabinet also issued a Government Resolution (GR) pertaining to the relocation and rehabilitation of people affected by the project, which will be done on the lines of earlier MUTP projects.
  • As far as funding is concerned, MRVC (Mumbai Railway Vikas Corporation), the nodal agency of the project, will raise around Rs 14,000 crore through loans from banking institutions.
  • MRVC is expected to approach a consortium of banks, including the New Development Bank (NDB) and the Asian Development Bank (ADB) for the loan.
  • The remaining cost will be shared between the Railways and the Maharashtra Government on a 50:50 basis.

To know more about recent developments of Railways–

06 Dec, 2018: Indian Railways creates history by converting diesel locomotive to electric traction

01 Dec, 2018: Indian Railways gets first stretch of land for Bullet train project in Gujarat

29 Nov, 2018: Indian Railways delivers 13 Diesel Multiple Units (DMUs) coaches to Sri Lanka


Author:

Narinder Sharma is a part of the content team of Rail Analysis India as a writer and marketing executive.
His interest is in the Railways , Metro and Transportation Sector of India .
Please reach us at editor@railanalysis.com for more information .


 

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