Churchgate
Mumbai Metro Rail Corporation (MMRCL) will issue detailed tenders for Metro Phase-3 by July 2014. The contract will be awarded to bidders by October 2014. The construction of this project of 32.5 Km long Colaba-Bandra-SEEPZ underground metro corridor is likely to start from January 2015. Mr. Sanjay Sethi, Managing Director, MMRCL and Additional Metropolitan Commissioner, [...] Continue Reading »
The state will now extend guarantee to the finances for the project, as the cabinet guide the way. 57% loan of the total project cost will be extended by Japanese International Cooperation Agency. A joint body of Central as well as state government has been formed, as special purpose vehicle (SPV), to take the Rs [...] Continue Reading »
The long pending monorail project in Mumbai will be functional shortly. Trials are going on regular basis between Chembur and Wadala in Central Mumbai. Chief secretary of Maharashtra said that the test ride which was organised recently went successful and he witnessed the enthusiasm and the excitement of the Mumbaikars to ride a Mono Rail. [...] Continue Reading »
With the infrastructure development booming in Mumbai, the apex financial institute, World Bank shows interest in financing two mega projects in Mumbai. The projects include the Virar-Alibaug road-rail corridor and the development of 12 urban growth centres as satellite cities of Mumbai. The growth centres are planned in distant suburbs of Mumbai such as Kalyan, [...] Continue Reading »
Maharashtra Government has recently given green signal to the Churchgate-Virar rail project. The elevated corridor project is meant to ease the city’s suburban rail traffic. The announcement of the approval was pending for quiet a few days. The Rs 21,000 crore budget project will be implemented by the railways and the state government would help in land [...] Continue Reading »
Infrastructure giants like L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra and CAF South Africa are already going head over heels to bag Mumbai’s upcoming elevated rail corridor project. The railway corridor from Churchgate to Virar is planned at a budget of Rs. 20,000 crores, and will be Indian railways’ first and India’s largest public-private [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) authorities are planning to construct a new underground passage for commuters on the eastern side of the Chhatrapati Shivaji Terminus. The decision comes nearly a decade after the first subway was constructed. Railway and BMC authorities are jointly planning another underground passage to minimise the chaos created by commuters outside CST [...] Continue Reading »
As per latest research report, BMC is yet to recover Rs 8,014 crore as it stands pending from defaulters in Mumbai. The civic body is set to change the rateable procedure of property tax collection to capital value-based. But this recovery of such large amount has come as a shock to the corporation. According to [...] Continue Reading »
