Mumbai metro service will commence this fiscal: Anil Ambani



The Metro service in India’s commercial capital will commence this fiscal with the completion of more than 95 percent of its civil construction, Reliance Infrastructure Chairman Anil Ambani said in Mumbai on Tuesday.

Addressing the annual general meeting of the company, he said 700,000 passengers will be able to travel in Mumbai Metro, cutting the commute time from what it takes 90 minutes now with the existing modes of travel to under 20 minutes.

He said there was a huge growth opportunity in infrastructure, with Prime Minister Manmohan Singh announcing $1 trillion investment in ongoing 12th five year plan, of which 60 percent is expected to come from private players.

He said Reliance Infra had now become one of India’s leading power engineering players, with a turnover of Rs 11,700 crore last year, implementing 13 projects – seven in power and six in roads. More info