In a significant development, the Maharashtra Government has set the completion target for the Mumbai Metro 3 project by the end of December 2024, delaying its original deadline of September 2024. The decision was finalized during the state’s first cabinet meeting chaired by Chief Minister Eknath Shinde on Wednesday.
Key Phase and Route of Mumbai Metro 3
The Mumbai Metro 3, represents a crucial addition to Mumbai’s transportation infrastructure. The first phase of the metro line will span from SEEPZ (Santacruz Electronics Export Processing Zone) to Bandra Kurla Complex (BKC). Originally projected to be completed by September 2024, the project’s timeline has been extended to ensure all necessary work is thoroughly completed.
Government Approves Direct Funding Allocation
During the cabinet meeting, Maharashtra’s government approved the direct allocation of its share amounting to Rs 1,163 crore to the Mumbai Metro Rail Corporation (MMRC), bypassing the Mumbai Metropolitan Region Development Authority (MMRDA). This decision aims to streamline the financial disbursement process and expedite the remaining construction phases of the metro project.
High Completion Rate Amid Challenges
Currently, the Mumbai Metro 3 project has achieved an impressive 98 percent completion rate. Despite facing challenges, including adjustments in the project’s timeline and budget, the government remains committed to ensuring the metro line meets the highest standards of safety and efficiency.
Revised Project Cost and Financial Adjustments
The revised estimated cost for the Mumbai Metro 3 project stands at Rs 37,275.50 crore, reflecting adjustments made during the course of its development and construction phases.
Impact and Benefits of Mumbai Metro 3
Once operational, Line 3 of the Mumbai Metro is expected to significantly alleviate traffic congestion in the city, providing a modern and efficient mode of transportation for commuters. The metro line is poised to enhance connectivity across Mumbai’s vital economic and residential hubs, offering a sustainable solution to urban mobility challenges.
Commitment to Delivering a World-Class Metro System
The decision to extend the completion deadline to December 2024 underscores the government’s dedication to delivering a world-class metro system that will benefit millions of residents and visitors to Mumbai alike.
