World Bank keen to fund 2 mega Metro projects: MMRDA
After the Japanese government taking a lead in funding the megapolis' many signature infrastructure projects, now the World Bank has shown interest in funding the proposed Charkop-Dahisar and Wadala-Teen Hath Naka Metro projects, says a PTI report.September 15, 2014 | comments ( 0 ) |
After the Japanese government taking a lead in funding the megapolis' many signature infrastructure projects, now the World Bank has shown interest in funding the proposed Charkop-Dahisar and Wadala-Teen Hath Naka Metro projects, says a PTI report.
The Japan International Cooperation Agency (JICA) has already committed to fund the Mumbai Metropolitan Region Development Authority's (MMRDA) two ambitious projects - the just announced Colaba-Seepz Metro worth Rs 23,136 crore and the 22 km Mumbai Trans Harbour Link (MTHL) worth Rs 9,630-crore.
"The MMRDA is undertaking large infrastructure projects which require huge investments. Recently, the JICA has committed to funding two major projects in the city and it has also shown interest in funding some more projects as well. At the same time, the World Bank has also expressed interest in funding two other proposed metro projects which we will be soon taking up," MMRDA additional metropolitan commissioner Sanjay Sethi told PTI.
The World Bank had earlier funded two phases of Mumbai Urban Transport Projects implemented by the authority.
The state has also cleared a 30.8-km-long metro link connecting Wadala on the eastern fringe to Teen Hath Naka on the north-western fringe that will have 31 stations.
Image courtesy: http://www.corbisimages.com/
- Microsoft starts retailing of Amazon Echo devices online and in stores
- ShopClues launches its first offline store in Lucknow
- Crocs opens its 100th store in India
- Williams-Sonoma, Inc. announces partnership with Reliance Brands for India Market
- Instant noodle brand YiPPee crosses Rs 1,000 crore sales mark
- Myntra CEO & CFO quit
- Levi Strauss plans to launch IPO
- Coffee Day Enterprises profit up by 60% in Q2 results
- Ecommerce to contribute 11% of FMCG sales by 2030: Nielsen
- Perpule Raises $4.7 million in Series A to Fuel Omni-Channel Retail & Consumer Commerce in India