Mumbai Metro Line 3 Receives Final Funding Boost from JICA
The Japanese International Cooperation Agency (JICA) has signed a loan agreement to provide the final tranche of INR 4,657 crore for Mumbai Metro Line 3, completing the funding for the 33.5 km underground metro line.
Mumbai Metro Line 3JicaMmrcInfrastructure DevelopmentPublic TransportationReal Estate MumbaiJul 15, 2024
The Mumbai Metro Rail Corporation (MMRC) expressed gratitude towards JICA for their steadfast support in completing the project. R Ramana, Director for Planning and Real-Estate Development at MMRC, praised JICA's efforts, saying they have been an invaluable partner in helping MMRC move towards starting operations soon.
The metro line is expected to have a significant impact on the city's transportation network, connecting six different business districts, 30 educational institutions, 30 recreational facilities, and the domestic and international airport. It is expected to accommodate more than 16,00,000 commuters daily, making it a game-changer for Mumbai's residents.
Information
The Mumbai Metro Rail Corporation (MMRC) is a joint venture between the Government of India and the Government of Maharashtra to develop a world-class metro system for Mumbai. The MMRC is responsible for the planning, design, construction, and operation of the metro system in Mumbai.
The Japanese International Cooperation Agency (JICA) is a governmental agency that provides technical and financial assistance to developing countries. JICA has been actively involved in various infrastructure development projects in India, including the Mumbai Metro Line 3 project.
Frequently Asked Questions
What is the total cost of the Mumbai Metro Line 3 project?
The revised project cost of Metro Line 3 is INR 37,276 crore.
How much funding has JICA provided for the Mumbai Metro Line 3 project?
JICA has provided 57.09% of the total funding, which amounts to INR 21,280 crore.
How many commuters is the metro line expected to serve daily?
The metro line is expected to accommodate more than 16,00,000 commuters daily.
What is the length of the Mumbai Metro Line 3?
The metro line is 33.5 km long and connects Colaba to SEEPZ in Andheri.
Who is responsible for the operation of the Mumbai Metro Line 3?
The Mumbai Metro Rail Corporation (MMRC) is responsible for the planning, design, construction, and operation of the metro system in Mumbai.
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