The Maharashtra
Government may have to opt for Delhi model to implement the Phase II of Mumbai
metro project as the ongoing credit crunch has kept the bidders away from the
proposed rail link project.
The Delhi model will
entail government funding while the PPP model will mean that the private sector
plays a leading role in funding, constructing and operating the line. Phase II
project route stretch from Charkop to Bandra to Mankhurd which is to be
implemented on PPP basis has failed to attract bidders despite of the fact that
the bidders were granted extra time. The Phase II project is estimated to cost
Rs.6,500 crore.
Also See:
Credit crunch
keeps bidders away from Mumbai Metro's Phase-II (14-Feb-09)