Mumbai Metropolitan Region Development Authority (MMRDA) chaired by chief minister Devendra Fadnavis on Wednesday sanctioned the expenditure of Rs 35,400 crore for the development of 118-km Metro network.
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).
Further, MMRDA has accepted two detailed project reports, one for the 16.5-km Andheri-E to Dahisar-E Metro corridor and the other for the 18.6-km Dahisar to D.N.Nagar Metro corridor, prepared by the Delhi Metro Rail Corporation.
The reports have recommended these two corridors estimated at Rs.4,737 crore and Rs.4,994 crore respectively for the State approval.
MMRDA has recommended, to the State, raising of funds from various financial institutions such as World Bank, Japan International Cooperation Agency and other national and international financial institutions.