Mumbai Metropolitan Region Development Authority (MMRDA) chaired by chief minister Devendra Fadnavis on Wednesday sanctioned the expenditure of Rs 35,400 crore for the development of 118-km Metro network.
This includes a 40-km Dahisar-Charkop-Bandra-Mankhurd metro-2 corridor (Rs.12,000 crore), a 40-km Wadala-Ghatkopar-Thane-Kasarvadavali Metro-4 corridor via Wadala GPO and R.A.Kidwai Marg (Rs.12,000 crore), a 27-km Dahisar-E-Andheri-E-Bandra-E Metro-5 corridor (Rs.8,100 crore) and a 11-km Jogeshwari-Vikhroli Link Road Metro-6 corridor (Rs.3,300 crore).
Further, MMRDA has accepted two detailed project reports, one for the 16.5-km Andheri-E to Dahisar-E Metro corridor and the other for the 18.6-km Dahisar to D.N.Nagar Metro corridor, prepared by the Delhi Metro Rail Corporation.
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MMRDA has recommended, to the State, raising of funds from various financial institutions such as World Bank, Japan International Cooperation Agency and other national and international financial institutions.