Maharashtra Chief Minister Prithviraj Chavan inaugurates Mumbai's first metro

  • 5 years ago
Railway's research arm RDSO is finally issued the 'speed certificate' to the much-awaited Mumbai Metro and the wait is finally over.

Mumbaikars witnessed the opening ceremony of the Versova-Andheri-Ghatkopar Metro Corridor Mumbai Metro on Sunday after receiving the green signal from the Railway Board. Maharashtra Chief Minister Prithviraj Chavan inaugurates Mumbai's first metro in the city.

Mumbai Metro One Pvt Ltd (MMOPL) is a joint venture between Reliance Infrastructure, French firm Veolia Transport and the Mumbai Metropolitan Region Development Authority (MMRDA).

While Anil Ambani-owned Reliance Infra, which is the execution agency, owns a 69 per cent stake in the project, the state-run MMRDA and Veolia hold 26 per cent and 5 per cent respectively.

According to the initial plans, the stretch was to start operations from 2009. The joint venture's failure to launch the services on time has reportedly resulted in the project cost shooting up by about 84 per cent to Rs 4,351 crore from the originally planned Rs 2,356 crore.

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