News Brief
Maharashtra Approves Mumbai Metro's Rs 23,487-Crore Line 11 Linking Wadala And Gateway Of India, Fares Announced
Mumbai Metro (Representative Image)
The Maharashtra government has approved the Rs 23,487-crore Metro Line 11 (Green Line) project, which will link Wadala to the Gateway of India through 14 stations, aiming to decongest central and south Mumbai, the Hindustan Times reported.
According to a state urban development department (UDD) resolution, the Brihanmumbai Municipal Corporation (BMC) will contribute Rs 2,411 crore and the Mumbai Port Authority (MbPA) Rs 804 crore, as the line enhances access in their areas. The state and Centre will each provide Rs 3,137 crore.
In case of cost overruns, local authorities must arrange additional funding through floor space index (FSI) revenue, transit-oriented development (TOD), or loans from financial institutions, the resolution said.
“The state has approved a Rs 12,163 crore loan from financial institutions, covering 60 per cent of the project cost. The remainder will be financed by contributions from the state and central governments, BMC, MbPA, and interest-free subordinate debt covering half of the state and central share,” a senior UDD official was quoted as saying by the Hindustan Times.
Metro Line 11 will stretch 17.5 km from Anik Bus Depot, Wadala, to SPM Circle near the Gateway of India.
It will extend Metro Line 4 (Wadala-Thane-Kasarvadavali), making Wadala a key interchange.
The line requires 20.35 hectares of government land and 2.36 hectares of private land. Initially planned to end at CSMT, it will now terminate at the Gateway.
Fares will start at Rs 10 and increase by Rs 10 every three stations, reaching a maximum of Rs 70. The fare-fixation committee may revise rates with prior approval.
A high-powered panel led by the chief secretary will monitor implementation, and TOD rules will allow extra FSI within 500 metres of the corridor.
