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.
- 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.
- 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.”
- 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.
- Maharashtra will have an operational 360 kilometer long Metro rail network in the next 5-6 years, Naidu said.
- The state government is coming up with 9 Metro projects & investing Rs 1.47 lakh crore.
- He said,“There will be one crore daily passengers. The Centre will extend its help wherever possible.”
- 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.