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.
This is the first phase of the 40 km fully underground Mumbai Metro II corridor, connecting Dahiar-Charkop-Bandra-Mankhurd.
During the 138th annual meeting of MMRDA held today, Fadnavis also accepted two detailed project reports one for the 16.5-km Andheri-E to Dahisar-E Metro corridor and the other for 18.6-km Dahisar to D.N.Nagar Metro corridor prepared by the Delhi Metro Rail Corporation (DMRC) and has recommended these two corridors estimated at Rs 4,737 crore and Rs 4,994 crore, respectively for Centre’s approval, it added.
“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.