Maharashtra Govt Asks Centre For Financial Help For Its 8 Metro Projects in Mumbai

Maharashtra Govt Asks Centre For Financial Help For Its 8 Metro Projects in Mumbai

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Mumbai, June 07, 2017: The state government has asked the Centre for financial help for its Metro projects in Mumbai.

The state has undertaken 8 Metro projects, for which it is investing Rs 1.47 lakh crore. The Centre has promised financial help, after a review meeting with Union urban development minister Venkaiah Naidu regarding the Centre’s schemes being funded by the ministry, said Maharashtra, CM, Devendra Fadnavis.

More Details:

  1.  He had requested the Urban Development Minister to help with the Metro rail projects being undertaken by Mumbai Metropolitan Region Development Authority (MMRDA), a state-owned company, the chief minister said.
  2.  He said,“We have asked for some help from the Centre. The UDD minister has assured us of a cabinet policy for financial assistance. We are expecting the Centre to bear 10 to 25 per cent of the share.”
  3.  Of the total 8 projects, work on 3 projects is going on, the tendering process has started for 2 projects & the rest are in the planning stage.
  4.  Maharashtra will have an operational 360 kilometer long Metro rail network in the next 5-6 years, Naidu said.
  5.  The state government is coming up with 9 Metro projects & investing Rs 1.47 lakh crore.
  6.  He said,“There will be one crore daily passengers. The Centre will extend its help wherever possible.”
  7.  He added, the Centre is already investing Rs 20,100 crore (approx US$ 3140.63 Million) for the Nagpur & Pune metro projects, which is 42 per cent of its total investment Rs 48,000 crore (approx US$ 7500 Million) approved for metro projects across the country in the last 3 years.
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