Injecting a major financial booster to the Phase-IV of the Mumbai Metro, the World Bank has reportedly agreed to finance the planned Wadala-Ghatkopar-Thane-Kasarvadavli Metro line. Negotiations to implement the Metro IV project, with financial assistance from the WB, are already heading in positive direction, said Mumbai Metropolitan Region Development Authority (MMRDA) sources, adding that of the estimated Rs. 14,549-cr project cost, 48% will be borrowed from the WB. The balance 52% will be borne by the state government and the development authority. This 33 km line will have 32 stations and a car depot has been proposed on a plot of 30 hectares at Owale on Ghodbunder Road in Thane. Currently, the mega project is awaiting the state cabinet's nod which is expected very shortly. The ground work has already commenced for two other Metro rails – Dahisar-Andheri and Dahisar-DN Nagar. Earlier, the Wadala-Ghatkopar-Thane-Kasarvadavli line was planned as partially underground, with an estimated cost of Rs. 19,097cr. The deadline likely to be worked out to complete and launch the project for public use is 2021.
📅Published on:
11 September 2016
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
