The Centre is planning to provide
Rs.650 crore extra budgetary support to part finance Mumbai Metropolitan Region
Development Authority's Versova-Andheri-Ghatkopar Metro Rail Project (Line 1
Phase).
The finance minister has decided to
release the fund as extra-budgetary support as the project did not qualify for
viability gap funding, which the centre provides for infrastructure projects.
The 12.5 km proposed project will entail an investment of Rs.2,350 crore and is
scheduled for completion by 2011.
Also See:
MMRDA likely to
replace two metro lines (10-Apr-08)