Tuesday, May 09, 2006

Mumbai Metro work stalled

And just when I started hoping for the Mumbai Metro, something like this happens. (Tip courtesy: Vivz and his Mumbai_Metro Yahoo Group).

Summary - The Reliance Energy-led consortium has sought Government subsidy of Rs1,251crore as against the MMRDA's estimated viability gap of Rs600crores. Thanks to this "difference in opinion", the project has been delayed till the month-end. Or just about before the rains come in. I just hope that this issue does not go into litigation, the way REL's airport privatisation plans did.

The article also adds that our Chief Minister, Mr. Vilasrao Deshmukh, is planning a trip to Japan to seek help from the Japan Bank for International Co-operation for the Mumbai Metro. Note that the JBIC has also funded the Delhi Metro.

Hope continues unabated.

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