Reliance had said that the company would not start work on the metro project unless the government fulfilled all obligations. The government was unable to get the environment ministry's approval for land in Mankhurd and Charkop to set up depots, among other things.

Mumbai Metro Transport -- an SPV of Reliance infrastructure, and the Maharashtra government, mutually terminated the contract which was awarded to the Anil Ambani-led Reliance Group in 2009, through an international competitive bidding. The estimated cost of the project is Rs 12,000 crore.

The state government and the concessionaire, Reliance, signed the termination agreement at no cost and no claims to either party. The company also said that the Maharashtra government would return its bank guarantee of Rs 160 crore.

This is Reliance Infrastructure's third exit from a mega project. In 2012, the company, which built Mumbai's first Metro rail line, exited from Mumbai's Haji Ali-Worli sea link. In 2013, the company withdrew from the Delhi airport metro line.

Chief Minister, Devendra Fadnavis, recently accorded approval to extend the Charkop - Bandra - Mankhurd metro corridor to Dahisar.

More Project Info:
Dahisar-Charkop-Bandra-Mankhurd Corridor - Phase I