Union govt approves VAG funding of Rs 1,532 cr for metro rail

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Mumbai, Nov 4 (UNI) The Charkop-Bandra-Mankhurd line of the metro rail project has got the much needed boost with the Union Government giving its approval for the viability gap funding of Rs 1,532 crore.

This approval will give the necessary impetus to the project and accelerate the speed of construction, facilitating the project to be completed in the next four years.

The total cost of the Charkop-Bandra-Mankhurd line is Rs 6,192 crore out of which the central government has given its nod for the viability gap funding. This project is being implemented on a Public Private Partnership (PPP).

The Charkop-Bandra-Mankhurd line will have 27 stations and completion of this route will ease the Southern-Northern and Eastern-Western connectivity, bringing much needed relief to the Mumbaikars apart from making a significant saving in terms of fuel and time.

Vilasrao Deshmukh expressed his gratitude to central government for the approval of VAG funding. This will help strengthen the Mumbai Metro Railway, he said, a MMRDA release said.

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