Maharashtra govt signs MoU worth Rs 10,947 cr for MUTP phase 3 projects

Asian Infrastructure Investment Bank would be providing a loan of Rs 3,500 crore and an agreement will be signed this month

An MoU was signed on Thursday between the Maharashtra government, state planning bodies MMRDA, CIDCO, and the Mumbai Rail Vikas Corporation (MRVC) for projects worth Rs 10,947 crore under the Mumbai Urban Transport Project phase 3 (MUTP-3).

The memorandum of understanding was signed in the presence of Chief Minister Uddhav Thackeray at his official residence 'Varsha', a government release said.

These projects include construction of a suburban railway corridor between Panvel and Karjat (Rs 2,783 crore), new suburban corridor link between Airoli and Kalva (elevated) in the Central Railway zone (Rs 476 crore), quadrupling of Virar-Dahanu link in the Western