Maharashtra cupboard approves over Rs 10,000 crore rise in price of Mumbai Metro Line 3, Actual Property Information, ET RealEstate

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MUMBAI: The newly expanded Eknath Shinde cupboard in Maharashtra permitted a further expenditure of Rs 10,269 crore for the largely underground Mumbai Metro Line 3 venture at its first assembly right here on Wednesday, citing price escalation.

Deputy Chief Minister Devendra Fadnavis made the announcement after the assembly. Talking to reporters, he mentioned, “The fee (of Mumbai Metro Line 3) has elevated on account of virtually no building undertaken within the final two years. Hardly any building work was carried out (beneath the earlier Maha Vikas Aghadi authorities).”

This was the primary cupboard assembly after its enlargement on Tuesday when 18 new members – 9 every of the Shiv Sena faction led by Chief Minister Eknath Shinde and the BJP – have been inducted.

He mentioned, “The cupboard permitted a further expenditure of Rs 10,000 crore for Mumbai Metro Line 3. The unique price of the venture was Rs 23,136 crore, which has now gone as much as Rs 33,405 crore (complete rise Rs 10,269 crore). The state goes to request the Union authorities to contribute from its corpus for the completion of the venture.”

Earlier, the state was alleged to spend Rs 2,402 crore which has now elevated to Rs 3,699 crore. The cupboard instructed the Mumbai Metropolitan Regional Growth Authority (MMRDA) to switch Rs 1,297 crore (the distinction in price) to the Mumbai Metro Rail Company as a part of the Rs 10,269 crore funding, he mentioned.

The Metro Line 3 is funded by Japan Worldwide Cooperation Company (JICA) which might now improve its contribution from Rs 13,235 crore to Rs 19,924 crore, the deputy CM mentioned.

The Cupboard cleared a proposal to make a contemporary demand to JICA to extend its mortgage quantity, Fadnavis mentioned. The 33.5-km-long hall operating alongside Colaba-Bandra-SEEPZ (beginning in south Mumbai and ending in suburban Andheri) could have 26 underground stations and one at-grade.

“By 2031, some 17 lakh passengers will journey by the Metro Line 3 on daily basis. Individuals can journey from Colaba (in south Mumbai) to the worldwide airport in suburban Mumbai in 50 minutes,” he mentioned.

“The tunnel work has been accomplished 98.6 per cent, whereas 82.6 per cent work on stations, too, has been achieved. Acquisition of 73.14 hectares of presidency land and one other 2.56 hectares of personal land has additionally been accomplished,” he mentioned.

In one other resolution, the Cupboard cleared a proposal to be despatched to the Union authorities in search of Rs 759 crore for together with the Kanpa-Chimur-Warora broad gauge railway line within the ongoing Nagpur-Umred-Warora broad gauge venture.

The overall price of the rail venture is Rs 1,518 crore and the state is demanding almost 50 per cent from the Union authorities, Fadnavis mentioned.

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