The Mumbai Metropolitan Region Development Authority (MMRDA) on Wednesday approved the budget of Rs 6,976.50 crore for fiscal 2018, out of which the seven proposed metro projects will get Rs 3,210 crore.
Apart from the metro projects, funds have been allocated for the Monorail Phase-II, construction of flyovers and expansion of Mumbai’s road network.
Chief Minister Devendra Fadnavis, who is also the chairman of MMRDA, approved the budget on Wednesday.
The MMRDA will spend the money on various infrastructure projects across the city in a bid to bridge Mumbai’s infrastructure deficit.
Off the total budget, MMRDA has earmarked Rs 3,273 crore for various metro rail projects, while setting aside Rs 1,200 crore for the Mumbai Trans-Harbour Link.
Water resources will get Rs 300 crore while monorail phase-II has been allotted Rs 208 crore, and a paltry Rs 75 crore for augmenting civic amenities at BKC.
The authority has allocated Rs 1,000 crore each for the Dahisar-DN Nagar Metro-2A corridor (18.5-km, Rs 6,410 crore) and the Andheri East-Dahisar East Metro-7 corridor (16.5-km, Rs 6,208 crore).
The Colaba-Bandra-Seepz Metro-3 will get Rs 800 crore and DN Nagar to Mandale Metro-2B (23.5-km, Rs 10,986 crore) and Wadala-Ghatkopar-Thane-Kasarvadavali Metro-4 corridors (32 -km, Rs 14,549 crore) have been allotted Rs 200 crore each.
The recently approved Thane-Bhiwandi-Kalyan Metro-5 (24-km, Rs 8,416 crore) and Swami Samarth Nagar-JVLR-Seepz- Vikhroli Metro-6 corridors (14.5-km, Rs 6,672 crore) have been given a token grant of Rs 5 crore each.
The authority also approved the new 13-km Dahisar East-Mira-Bhayander Metro line-9, which will have 10 stations and needs Rs 6,518 crore.
Further, Rs 700 crore has been allocated for the development of Mumbai Metropolitan Region and the road network.
While approving the budget yesterday, CM Fadnavis said his primary objective was to provide hassle free commute for people and ensure they are able to reach anywhere in the city within the hour.
“The Metro corridors are the future of this city. Mumbaikars should feel proud to use public transport rather than private vehicles. Use of public transport saves time, fuel and also improves environment,” he said.
Detailed breakdown of MMRDA budget 2017-18Back to latest news