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Maharashtra derails MMRDA plans to raise funds

In a major embarrassment to the Mumbai's town planning authority MMRDA, the Maharashtra government has not agreed to become a guarantor for its plans to raise funds from international agencies for the rolling stock for the DN Nagar-Dahisar and Andheri East-Dahisar East metro lines

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In a major embarrassment to the city's town planning authority MMRDA, the Maharashtra government has not agreed to become a guarantor for its plans to raise funds from international agencies for the rolling stock for the DN Nagar-Dahisar and Andheri East-Dahisar East metro lines.

Civil work on both lines has commenced but if the rolling stock is not available then it would be difficult to complete the project on time. “We want to raise funds to the tune of R5,000 crore for rolling stock for both the projects from international agencies.We had appr­oached the state to become a guarantor but it has not yet agreed” a MMRDA official said.

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