Mumbai, June 26 (IANS) The first phase of Colaba-SEEPZ Mumbai Metro 3 between SEEPZ and Bandra Kurla Complex will be commissioned by September and the entire project by December end.
The state Cabinet chaired by Chief Minister Eknath Shinde on Wednesday gave its nod to give state government’s share of Rs 1,163 crore directly to the Mumbai Metro Rail Corporation, instead of the Mumbai Metropolitan Region Development Authority.
According to the Chief Minister’s Office, the project is 98 per cent complete and its revised cost is Rs 37,275.50 crore.
Further, the state Cabinet also cleared a loan of Rs 22,250 crore to be taken from HUDCO for the acquisition of land for the Virar Alibaug multimodal corridor.
The loan proposal for the Cabinet’s approval was submitted by the Maharashtra State Road Development Corporation (MSRDC).
The Cabinet also decided to give a government guarantee to MSRDC for the said loan.
The project would need a total of 1,130 hectares of land of which 215.80 hectares have been acquired so far. The government has already provided a sum of Rs 2,341.71 crore for the land acquisition.
The Cabinet also approved MSRDC’s proposal to get a loan worth Rs 5,500 crore from HUDCO for the Pune Ring Road East project.
Of the total 972.07 hectares of land, the acquisition of 535.42 hectares has been done. The government has provided Rs 1,876.29 crore for the land acquisition.
–IANS
sj/arm
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
