Date of Post: 04 Nov, 2017
Mumbai: Maharashtra government will raise a demand for releasing of Rs 5,200 crore in central grants for six Metro routes in Mumbai. The funding assistance is being sought under the Centre’s new Metro rail policy, which was sanctioned in August this year, sources said.
The state also has plans to seek grants for the Pune & Nagpur Metro Rail projects
Centre To Provide 10% Of Cost Of A Metro Project
- A senior official said,“The Centre has said in the policy it will provide a lump sum amount of 10% of the cost of a Metro project.”
- Accordingly, the Mumbai Metropolitan Region Development Authority (MMRDA), has submitted a proposal for availing these grants.
- Currently, MMRDA is overseeing the work of six Metro projects in the Mumbai Metropolitan Region (MMR).
- Sources confirmed that the chief minister-led urban development department will soon submit the proposal to the Centre.
- The estimated total construction cost of the six metro projects is around Rs 52,135 crore (approx US$ 8,058 Million).
The Projects For Which The Grants Are Being Sought:
The under-construction corridors-
- Dahisar-D N Nagar
- Andheri (E)-Dahisar (E) Metro
- Approved Routes, Including-
- D N Nagar-Mankhurd
- Swami Samarath Nagar-Vikhroli
- Under the Centre’s policy, the cost of acquisition of land & other allied activities is not counted while counting the project cost for the purpose of grants.
- Officials clarified, however the Colaba-Seepz underground Metro route, which is being built under an equity model, won’t be eligible for the grants.