In view of the Rs 80-crore loss that the monorail phase I has been facing each year, transport thinktank Mumbai Vikas Samiti has suggested that the state government should sell off the project to a private company, which can use it for tourism purpose. It has also stressed on the need to have a common authority for transportation projects like the one in London.

The report, which was released by retired MMRDA Chief Planner Vidyadhar Phatak, says, "Every department is working in silos and doing their own projects. The city is falling apart due to project duplication and wastage of public funds. What is needed is a single transport body on the lines of Transport For London, so that there is integration of projects with the Mayor as a single-point authority."