Rs 300 Bn spent on Metro 3 project so far: RTI
26 Sep 2024
2 Min Read
CW Team
It was revealed that Rs 300 billion has been spent on the construction of the underground Metro 3 between 2019 and 31st August 2024, according to a statement made by Yogendra Saxena, Director (Finance) of Mumbai Metro Rail Corporation Ltd (MMRCL), in response to a query under the Right to Information (RTI) Act. Saxena further disclosed that the project has faced a cost escalation of Rs 28 billion, which has been attributed to civil systems, track work, and rolling stock.
Originally, the 33.5km Metro 3 line, featuring 27 stations, was expected to be completed by 2019 at an estimated cost of Rs 210 billion. However, it was announced in July this year that the total cost had surged to Rs 372 billion.
In a separate RTI response to activist Zoru Bhathena, MMRCL provided further details on the total track length for Phase I (Aarey Colony to BKC) and Phase II (Dharavi to Cuffe Parade). The total track length for Phase I in both directions is 25.39km, while for Phase II, it is 41.8km. In a follow-up issued on 20th September, MMRCL confirmed that 21.79km of track had been energised.
Bhathena pointed out that, according to MMRCL鈥檚 social media updates, track testing has been underway since 2022. However, he noted a 3.6km gap in the electrification as revealed in the RTI response. Bhathena questioned why MMRCL presented Phase I as complete when it appeared that electrification of the Up and Down sections was not yet finished, raising concerns that trains may have to operate on a single track along part of the route.
MMRCL did not respond to inquiries from the Times of India regarding the cost escalation or the status of the track electrification in Phase I.
It was revealed that Rs 300 billion has been spent on the construction of the underground Metro 3 between 2019 and 31st August 2024, according to a statement made by Yogendra Saxena, Director (Finance) of Mumbai Metro Rail Corporation Ltd (MMRCL), in response to a query under the Right to Information (RTI) Act. Saxena further disclosed that the project has faced a cost escalation of Rs 28 billion, which has been attributed to civil systems, track work, and rolling stock.
Originally, the 33.5km Metro 3 line, featuring 27 stations, was expected to be completed by 2019 at an estimated cost of Rs 210 billion. However, it was announced in July this year that the total cost had surged to Rs 372 billion.
In a separate RTI response to activist Zoru Bhathena, MMRCL provided further details on the total track length for Phase I (Aarey Colony to BKC) and Phase II (Dharavi to Cuffe Parade). The total track length for Phase I in both directions is 25.39km, while for Phase II, it is 41.8km. In a follow-up issued on 20th September, MMRCL confirmed that 21.79km of track had been energised.
Bhathena pointed out that, according to MMRCL鈥檚 social media updates, track testing has been underway since 2022. However, he noted a 3.6km gap in the electrification as revealed in the RTI response. Bhathena questioned why MMRCL presented Phase I as complete when it appeared that electrification of the Up and Down sections was not yet finished, raising concerns that trains may have to operate on a single track along part of the route.
MMRCL did not respond to inquiries from the Times of India regarding the cost escalation or the status of the track electrification in Phase I.
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
