MoU signed for railway projects under MUTP-III

  • MoU signed
    13Jul 2020

    MUMBAI: An MOU was signed between Mumbai Railway Vikas Corporation (MRVC), state government and its development agencies for smooth implementation of railway expansion projects under Mumbai Urban Transport Project (MUTP-III).

    MUTP-III was sanctioned by ministry of railways at a cost of Rs. 10,947 crore in February 2017. An MoU was signed in the presence of chief minister Uddhav Thackeray. Mumbai Metropolitan Region Development Authority (MMRDA) and City Industrial Development Corporation (CIDCO) are signatories to the subsidiary finance agreement with MRVC.

    CMO, in a release, said, “The agreement will accelerate execution of projects, including laying of a 28km suburban line between Panvel-Karjat (Rs 2,783 crore), construction of a 3.5km elevated line between Airoli-Kalwa (Rs 476 crore), quadrupling of of a 63km line between Virar-Dahanu (Rs, 3,578 crore), procurement of 47 rakes (Rs 3,491 crore) and trespass control (Rs 551 crore).”

    The state government approved the project through MRVC on the lines of MUTP-I and II with 50:50 financial participation. MUTP-III got Union cabinet’s approval in December 2016. MRVC initiated tendering but work on trespass control and Airoli-Kalwa link is in progress. Other projects will begin after the monsoon.





    Read the original article: https://timesofindia.indiatimes.com/city/mumbai/mou-signed-for-rly-projects-under-mutp-iii/articleshow/76882677.cms