Reliance Infra open to CAG audit on Mumbai Metro services



Anil Ambani’s Reliance Infrastructure Ltd (RInfra) on Wednesday said the company was open to a Comptroller and Auditor General (CAG) audit of the Mumbai Metro rail services.

The state government, which is at loggerheads with RInfra-led Mumbai Metro One Private Limited (MMOPL) over fare hike for the Metro rail services, had earlier issued the MMOPL a notice for an audit of all their accounts. The state had also approached the Centre with the demand.

Speaking to the media, M S Mehta, CEO, Reliance Infrastructure, said, “We are open to discussions with the state government on the financials of the Mumbai Metro. We are also open for a CAG audit, if at all that is what the government wants.”

The Mumbai Metro, which runs along the Versova-Andheri-Ghatkopar route, is the country’s first public-private partnership Metro project in which all the three phases — construction, operation, and maintenance — have been given to a private player.

Blaming the Mumbai Metropolitan Region Development Authority (MMRDA) and the state government for project overruns, the MMOPL is now claiming that the Mumbai Metro cost has risen from Rs 2,356 crore in 2007 to Rs 4,321 crore, an increase of a whopping 83 per cent. More info