Maharashtra govt approves 2 new Metro lines for Mumbai, cost revised to Rs 12,618 crore

Prime Minister Narendra Modi will lay the foundation stone for the two Metro lines during his visit to Mumbai on Sunday.

| Mumbai | Updated: October 7, 2015 9:21:16 am
mumbai metro, metro in Mumbai, mumbai metro phase 2, mumbai metro line 3, Narendra Modi, Devendra Fadnavis, fadnavis govrt, MMRDA, mumbai news As per 2019 prices, the Andheri East-Dahisar East line will cost Rs 6,208 crore, while the Dahisar-DN Nagar corridor will cost Rs 6,410 crore, including the cost of land acquisition and taxes.

The Maharashtra government on Tuesday approved two new Metro lines-Dahisar East to Andheri East and Dahisar to DN Nagar-but with a revised cost of Rs 12,618 crore for the two projects based on the prices as per the date of completion.

The government, which hopes to start construction by March next year, is aiming to complete the two projects by March 2019. Prime Minister Narendra Modi will lay the foundation stone for the two Metro lines during his visit to Mumbai on Sunday.

The Mumbai Metropolitan Region Development Authority (MMRDA) had pegged the cost of the two projects at Rs 4,829.72 crore for the Dahisar East-Andheri East line, and Rs 4,994 crore for the Dahisar-DN Nagar corridor as per July 2015 prices in its proposal to the government.

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As per 2019 prices, the Andheri East-Dahisar East line will cost Rs 6,208 crore, while the Dahisar-DN Nagar corridor will cost Rs 6,410 crore, including the cost of land acquisition and taxes.

A senior state government official, “The MMRDA has assured the state government that the civil work can start latest by March next year. The Delhi Metro Rail Corporation (DMRC) will take up one of the two corridors for construction as the nodal agency. Both the agencies can call for bids for the civil construction of the Metro lines now that the cabinet has cleared the projects.”

A senior MMRDA official said that the DMRC is likely to take up the 16.5-kilometre Andheri East-Dahisar East elevated Metro with 16 stations, while the MMRDA will be the nodal agency for the 18.6-km Dahisar-DN Nagar elevated line with 17 stations. However, there is no finality yet on this, he added.

As per the government’s decision, for the Dahisar-DN Nagar corridor, the MMRDA will contribute Rs 1,892 crore, the state government will help with a loan of Rs 757.50 crore, and the Union government will lend Rs 292.5 crore. Further, the state government will help with an assistance of Rs 665 crore to make government land of 29.24 hectare, some permanently and some for temporary use, at a nominal cost. Besides, MMRDA will arrange for a loan of Rs 2,803 crore.

For the Rs 6,208-crore Andheri East-Dahisar East line, the MMRDA will contribute Rs 2,320 crore, the state government will loan Rs 733.5 crore, Union government will lend Rs 302.50 crore. To make 21.78 hectare of government land available at a nominal rate for the project, the state government has kept aside another Rs 606 crore, while the MMRDA will arrange for a loan of Rs 2,246 crore.

“The MMRDA is in advanced talks with the Asian Development Bank for a loan for the two projects. But, we will not wait for the loan agreement to be finalized before beginning construction. Completion of the civil works for both the projects will need an investment of about Rs 5,000 crore, which the MMRDA can make. The loan amount from the ADB can be utilized for purposes such as procurement of rolling stock, signaling, electrical works and so on,” the state government official said.

The two projects are part of the BJP-led governemnt’s ambitious plan of adding a 118-kilometre Metro network to Mumbai.

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