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Reliance bags Mumbai metro?

Friday, 12 May 2006
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According to unconfirmed reports, the consortium led by Reliance Energy has bagged the mandate for constructing Line 1 of Phase I of the Mumbai metro rail project.

Reliance Energy has bagged the mandate for constructing Line 1 of the Mumbai metro rail project, according to unconfirmed reports. The official announcement will be made only by the end of May 2006. The Reliance consortium includes Connex of France and Metro Rail of Hong Kong.

Line 1 is a 15-km link between Versova and Ghatkopar, via Andheri. Phase I will have three lines with a total length of 63.8 km. The total estimated cost of Phase I is Rs.6,585 crore. The indicative cost of Line 1 is Rs.1,250 crore.

It is further reported that Reliance Energy has sought First Right of Refusal status for the other two lines. This would help in achieving economies of scale whilst executing the entire project.

Also See:
Cabinet approves Phase I of Mumbai metro rail (02-Mar-06)

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