Mumbai Metro Line 3 Receives Final Tranche of Rs 4657-Crore Loan from JICA
The Japanese International Cooperation Agency (JICA) has signed an agreement to provide the final tranche of Rs 4,657-crore loan for the Mumbai Metro Line 3 project, a key corridor of the rapid transit system in the financial capital.
JicaMumbai MetroInfrastructure DevelopmentReal EstateLoan AgreementReal Estate MumbaiJul 06, 2024
With this agreement, JICA has completed the funding for Metro Line 3, which has a revised project cost of Rs 37,276 crore with 57.09 per cent JICA loan amounting to Rs 21,280 crore. The first tranche of the loan was signed on September 7, 2013.
The Mumbai Metro Line 3 project is a significant infrastructure development in the city, which will connect six business districts, 30 educational institutes, 30 recreational facilities, domestic as well as international airport terminals. The underground corridor with 27 stations will have a capacity to ferry more than 16 lakh commuters daily.
R Ramana, director (Planning and Real-estate Development/NFBR), MMRC, said that JICA has been an invaluable partner in the metro project, continuously aiding its progression towards operations.
Information
The Mumbai Metro Rail Corporation (MMRC) is a joint venture between the Government of India and the Government of Maharashtra. The MMRC is responsible for the implementation of the Mumbai Metro project, which aims to provide a world-class transportation system to the citizens of Mumbai.
The Japanese International Cooperation Agency (JICA) is a Japanese government agency that provides financial assistance to developing countries for infrastructure development projects. JICA has been actively involved in various infrastructure development projects in India, including the Mumbai Metro project.
Frequently Asked Questions
What is the total cost of the Mumbai Metro Line 3 project?
The revised project cost of Mumbai Metro Line 3 is Rs 37,276 crore.
How much loan has been provided by JICA for the Mumbai Metro Line 3 project?
JICA has provided a loan of Rs 21,280 crore, which is 57.09 per cent of the total project cost.
What is the route of the Mumbai Metro Line 3?
The metro line connects Colaba in South Mumbai to Bandra and SEEPZ in Andheri (East) in the western suburbs.
How many stations will be there on the Mumbai Metro Line 3?
There will be 27 stations on the Mumbai Metro Line 3.
What is the daily passenger capacity of the Mumbai Metro Line 3?
The daily passenger capacity of the Mumbai Metro Line 3 is more than 16 lakh commuters.
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