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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.

Tags: World Bank, Metro projects, MMRDA

September 15, 2014  |  comments ( 0 )  | 
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.

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/


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