JICA to start consultation for funding of Mumbai Metro

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By Sanjay Jog |  Mumbai  www.business-standard.com

Bharatiya Janata Party (BJP)-led government in Maharashtra on Friday recieved a major boost after the Japan International Cooperation Agency (JICA) reiterated its commitment to provide funds to a slew of infrastructure projects, including Mumbai Metro network expansion and Mumbai Trans Harbour Link (MTHL) project.

JICA’s assurance came during meeting with the visiting state Chief Minister Devendra Fadnavis in Tokyo. These projects envisage investment of over Rs 60,000 crore. JICA has assured Fadnavis to start next week a public consultation on Mumbai Metro and also fast-track funding for the Rs 11,000-crore MTHL.

JICA’s move comesafter the recent decision by the state-run Mumbai Metropolitan Region Development Authority (MMRDA) to sanction Rs 35,400 crore for the development of 118-km Metro network in the city. This includes a 40-km Dahisar-Charkop-Bandra-Mankhurd Metro-2 corridor (Rs 12,000 crore), a 40-km Wadala-Ghatkopar- Thane-Kasarvadavali Metro-4 corridor via Wadala GPO and R A Kidwai Marg (Rs 12,000 crore), a 27-km Dahisar-E-Andheri-E-Bandra-E Metro-5 corridor (Rs 8,100 crore) and a 11-km Jogeshwari-Vikhroli Link Road Metro-6 corridor (Rs 3,300 crore). More info

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