Metro Rail News Online

Mumbai: Mumbai Metro 4 project is most likely to be funded by Japan International Cooperation Agency (JICA). Earlier talks were on with Asian Infrastructure Investment Bank (AIIB) for funding the project which is a 32.32km rail network. The Additional Metropolitan Commissioner, Mumbai Metropolitan Region Development Authority (MMRDA) , Pravin Darade, said that they have received in-principle from JICA. The international funding agency will be funding for Metro 4, 5,6 and Metro 9 corridors respectively. Darade stated that since JICA is offering better interest rate, MMRDA has accepted their proposal over AIIB. The state government is also holding talks with New Development Bank (NDB) for funding other corridors. Darade shared that NDB has also given in-principle approval to fund Metro 8, Metro 10, Metro 11 and Metro 12 projects. With this funding approval, MMRDA has now received funding for all its corridors. The reason for selecting JICA as funding agency is due to the fact that they...

Mumbai: The Mumbai Metropolitan Regional Development Authority (MMRDA) opened the financial bids for the Metro-4 packages on Monday. The overall lowest bid is around 1.36% less than MMRDA’s estimated cost of around Rs2,100 crore for four packages. If the MMRDA’s executive committee gives a go-ahead to the works, then it is likely to be awarded to Reliance-Astaldi and Tata Projects-China Harbour Engineering Company (TPL-CHEC), both joint ventures. “We should start the soil-testing in March and full-fledged work in April. There will be barricades on EEH and LBS Marg and traffic diversions will be in place,” Pravin Darade, additional metropolitan commissioner, MMRDA, said. The barricading on EEH will start from Suman Nagar flyover in Chembur till the Ghatkopar exit near Garodia Nagar, further connecting to LBS Marg. It will then go up to Mulund check naka entering Thane and connecting Majiwada, Kapurbawdi, Manpada and Kasarvadavali. Motorists are already facing snar...

Mumbai: The Mumbai Metropolitan Regional Development Authority (MMRDA) opened the financial bids for the Metro-4 packages on Monday. The overall lowest bid is around 1.36% less than MMRDA’s estimated cost of around Rs2,100 crore for four packages. If the MMRDA’s executive committee gives a go-ahead to the works, then it is likely to be awarded to Reliance-Astaldi and Tata Projects-China Harbour Engineering Company (TPL-CHEC), both joint ventures. “We should start the soil-testing in March and full-fledged work in April. There will be barricades on EEH and LBS Marg and traffic diversions will be in place,” Pravin Darade, additional metropolitan commissioner, MMRDA, said. The barricading on EEH will start from Suman Nagar flyover in Chembur till the Ghatkopar exit near Garodia Nagar, further connecting to LBS Marg. It will then go up to Mulund check naka entering Thane and connecting Majiwada, Kapurbawdi, Manpada and Kasarvadavali. Motorists are already facing snar...