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2w ago

Maharashtra Cabinet Clears ₹75,000-Crore Transport Package for Mumbai, Pune, Thane and Nagpur

The approvals lock in funding mechanisms, with state guarantees moving long-planned metro and rail corridors toward implementation.

metro corridor
New colored Monorail racks have arrived at the Wadala Monorail Depot.
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Overview

  • Mumbai Metro Line-11 from Anik Depot–Wadala to Gateway of India received a ₹23,487.51 crore provision for a 17.51 km corridor that is roughly 70% underground, to be built by MMRCL with the state seeking Centre equity and subordinate debt and assuming loan repayment.
  • Authority was granted to raise loans with government guarantees for the Thane Circular Metro, multiple Pune Metro extensions and Route-4, and Nagpur Metro Phase-2, enabling concessional financing from bilateral and multilateral lenders.
  • Mumbai’s suburban network expansion under MUTP-3B was approved at ₹14,907.47 crore for 136.65 km of new corridors, alongside procurement of 238 AC local trains worth ₹4,826 crore funded jointly by the Railway Board and state without external borrowing.
  • The cabinet cleared the ₹5,100 crore Pune–Lonavala third and fourth lines (63.87 km, 17 stations) to be implemented by MRVC, with cost sharing by PMC (20%), PCMC (20%), PMRDA (30%) and the state covering the remainder.
  • Regional connectivity got a boost with a 25-km elevated road linking Thane to Navi Mumbai International Airport via a PPP led by CIDCO and a 148-km Nagpur Outer Ring Road costing ₹13,748 crore supported by HUDCO loans and budget outlay.