Home / Mumbai / Mumbai News / Article / RTI activist claims RInfra had estimated it would make a loss on Mumbai Metro project till 2018

RTI activist claims RInfra had estimated it would make a loss on Mumbai Metro project till 2018

<p>RTI activist Anil Galgali has alleged that RInfra, which constructed the 11.04km Versova-Andheri-Ghatkopar (VAG) Metro line one had projected a loss till 2018 in its business plan at the bidding stage itself</p>

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RTI activist Anil Galgali has alleged that RInfra, which constructed the 11.04km Versova-Andheri-Ghatkopar (VAG) Metro line one had projected a loss till 2018 in its business plan at the bidding stage itself.

“Reliance Infrastructure, which was the successful bidder for the Mumbai Metro project, had acquired the project by projecting reduced expenses of about Rs 1048 crores to get this important Public Private Partnership (PPP) project from MMRDA. In the business plan submitted along with its bid, it had projected and provisioned for losses for running the metro for 8 years of operations. That the company is now working against its own planned projection and causing harassment to Mumbaikars for earning high profits can be understood from the fact.” Anil Galgali alleges.

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