The urgency to meet the ever-increasing transportation demands of urban population is of paramount importance. People today demand transport that is fast, safe and easily accessible. That is why we, at RInfra, have taken up the responsibility for three metro rail projects on BOT basis in Mumbai and Delhi with project cost over Rs.160 billion.
Aiming for fast transport by significantly reducing travelling time for ever moving Mumbai, we ventured into two major projects. Just look at the details provided as follows:
Mumbai Metro Line I- Versova-Andheri-Ghatkopar Corridor
Awarded by Mumbai Metropolitan Region Development Authority (MMRDA), Versova-Andheri-Ghatkopar Corridor Mass Rapid Transit System (MRTS) project (Mumbai Metro Line I) forms our first project. It was awarded to RInfra led consortium through a global competitive bidding process on Public-Private-Partnership (PPP) framework.
A special purpose vehicle, namely, Mumbai Metro One Private Limited (MMOPL) has been incorporated for implementation of the project. At RInfra, we hold 69% of the equity share capital of MMOPL, while MMRDA holds 26% and remaining 5% is held by Veolia Transport, France.
The project costs 23.5Bn and includes a concession period of 35 years. This metro line encompasses a length of 12 kms and it features 12 stations along the corridor.
To know more about our Metro Rail business, kindly visit : http://www.reliancemumbaimetro.com