Mumbai, India (City Transport Information): The Mumbai Metropolitan Area Improvement Authority (MMRDA) in its 152nd authority assembly chaired by City Improvement Minister Eknath Shinde has authorised Rs 18,404 crore Finances for monetary yr 2022-23 on February 28, 2022. “We have now offered finances with a deficit of Rs 7,680 crore. The expenditure proposed is Rs 18,404 crore as towards the income estimated at Rs 10,724 crore,” mentioned SVR Srinivas, Metropolitan Commissioner, MMRDA.
MMRDA has sanctioned a considerable quantity for these initiatives in Rs 18,404 crore finances for the monetary yr 2022-23. The authority undertakes works on Metro corridors and highway growth initiatives, moreover creating essential infrastructure in Mumbai Metropolitan Area (MMR) that features districts of Mumbai, Thane and Raigad.
The key transport infrastructure works, together with underground Metro hall between Wadala-CSMT, an extension of Japanese Freeway until Thane, development of coastal hyperlink highway between Nariman Level-Cuffe Parade are prone to start this yr.
In line with the plan, the shortfall might be met by borrowing by loans, income by leasing of land parcels, growth fees, revenue from Metro initiatives that might be commissioned this yr.
“This finances primarily emphasised on implementation of public transport and very important infrastructural Tasks for which Rs 2,111.30 crores have been earmarked,” mentioned Metropolitan Commissioner.
Amongst initiatives which is able to see work start are the development of a bridge from Nariman Level to Colaba/ Cuffe Parade, Metro Line 10 (Gaimukh to Shivaji Chowk), Metro Line 11 (Wadala-Thane), Metro Line 12 (Kalyan-Taloja), Extension of Japanese Free Strategy to Thane, Thane Coastal Street, Elevated Street from Anand Nagar to Kharegaon in Thane Metropolis, Kalyan Ring Street, Kopri-Patni Street, bride on Gorai Creek, Thane- Borivali Tunnel Hyperlink Street and so on.
“We hope to finish the tender course of for these Metro corridors in six months. Metro 11 may have integration with Metro 4 (Thane-Ghatkopar-Wadala),” he added.
It has been saif that the Detailed Venture Report (DPR) for extension of Japanese Freeway until Thane is being ready and the authority estimates that it is going to be capable of finalise the DPRs and bids by August 2022. The DPR for the development of sea-bridge between Cuffe Parade and Nariman Level has been ready and shortly MMRDA will float tenders for which Rs 260 crore has been sanctioned on this finances.
The auhority has additionally determined to spend Rs 210 crore this yr on the 6 km lengthy highway undertaking that may hyperlink Mumbai Trans Harbour Hyperlink Street to Mumbai-Pune Expressway from Chirle.
“Allocations have additionally been made for concretisation of the Japanese Categorical Freeway and Western Categorical Freeway. We count on the work to start by Might 2022,” mentioned Metropolitan Commissioner.