Japanese agency to fund MMRDA’s Colaba-Bandra metro line-3

The line could cost as much as Rs 12,000 cr


Geetanjali Minhas | January 25, 2011

Following the central government’s refusal for viability gap funding for Mumbai Metropolitan Region  Development Authority’s (MMRDA ) proposal  for the construction of metro line-3  from Colaba to Bandra,  the authority  will now  seek the funds from  Japanese International Cooperation Agency.

SVR Srinivas, additional metropolitan commissioner  has said  “We were looking for the VGF from the World Bank also. However, we found out that the JICA’s loan would be more cost effective.”

The 20-km long corridor will now be based on the Delhi metro model, in which 19 percent of the funds will be given by the centre and 21 percent by state government/MMRDA. The rest 60 percent would be loan from JICA.

Srinivas added  “We are now waiting for the requisite approvals from the center and officials would visit New Delhi soon to discuss the modalities of the funds."

The authority will soon be sorting out the tender process. MMRDA is also considering extending the said corridor up to airport, via the Bandra- Kurla Complex.”

As per 2010 prices the total cost of the Metro Line – 3 is Rs 12,000 crore.



Other News

Gripping graphic narrative helps make sense of pandemics past

The Moral Contagion By Julia Hauser and Sarnath Banerjee HarperCollins, 140 pages, Rs 699 The world has lar

“Globally, there is unprecedented positivity for India”

Addressing the Viksit Bharat Viksit Uttar Pradesh program in Lucknow on Monday, prime minister Narendra Modi launched 14,000 projects across the state, worth more than Rs 10 lakh crore at the fourth groundbreaking ceremony of UP Global Investors Summit held in February 2023. The projects relate to sectors

World’s biggest bird-a-thon begins in India

During the four days from Feb 16, more than a thousand birdwatchers throughout India are coming together with the goal of documenting as many birds as possible across the country’s diverse locations. Over one lakh birdwatchers globally participate in the annual Great Backyard Bird Coun

Comments sought on Draft Guidelines for Prevention of Misleading Advt in Coaching Sector

The Central Consumer Protection Authority has sought public comments on the ‘Draft Guidelines for Prevention of Misleading Advertisement in Coaching Sector’. The draft guidelines are placed on the website of the Department of Consumer Affairs and are accessible through the link:

Electoral bond scheme unconstitutional: Supreme Court

In a landmark judgment, the Supreme Court of India has held the anonymous, unregulated and unlimited funding through electoral bonds and companies as unconstitutional. The five-judge Constitution Bench of the Supreme Court comprising chief justice DY Chandrachud and justices Sanjiv Khanna, B

Interim Budget and frontier technology: Sab ka Vikas, Sab ki Technology

The world is at the cusp of a revolution based on Industry 4.0 and green technologies, including AI, big data, IoT, EVs, solar power, etc., which offer developing countries the opportunity to leapfrog into economic prosperity. However, India’s gross expenditure on R&D (GERD) still stands at a mea

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Current Issue


Facebook Twitter Google Plus Linkedin Subscribe Newsletter