Mumbaikars, we have amazing news for you. The ongoing construction of the much-awaited Mumbai Metro 3 is all set to be completed this year. The first cabinet meeting was conducted on Wednesday. Maharashtra Chief Minister Eknath Shinde chaired the significant meeting. The key project of Mumbai Metro 3 and its completion were discussed on Wednesday.
Mumbai Metro 3 Project Will Be Completed By The End Of This Year
Taking to the X platform, 🇮🇳 Amαr (@Amarrrrz) shared pictures and videos of this important project being developed in the City of Dreams.
The Maharashtra Cabinet, led by CM @mieknathshinde, approved a direct payment of 1163 crores to the Mumbai Metro Rail Corporation for the Metro-3 project.
The project, costing 37,275.50 crores, is 98.1% complete, with the first phase from Sipz to BKC set to start by September… pic.twitter.com/fU1SwFiDhF
— 🇮🇳 Amαr (@Amarrrrz) June 27, 2024
The Maharashtra Government stated about the completion of the Colaba-SEEPZ Mumbai Metro 3 project by the end of this year, by December-end. This crucial project’s first phase is between SEEPZ (Santacruz Electronics Export Processing Zone) and Bandra Kurla Complex. According to a report by Sarkaritel, this phase will be commissioned by September, followed by completing the overall work by the end of this year.
This is not the first time that the concerned authorities and departments shared a specified timeline for completing the entire Colaba-SEEPZ Mumbai Metro 3 project. Previously, this construction was scheduled to be finished by September 2024, according to a report by Moneycontrol. However, the plans changed later. And now, the Maharashtra Government shared its decision to complete it by the end of December 2024.
An important decision of the cabinet meeting was the approval to provide ₹1,163 crore from the Maharashtra government’s share to the Mumbai Metro Rail Corporation rather than the Mumbai Metropolitan Region Development Authority. The state Cabinet discussed a ₹22,250 crore loan to be taken from HUDCO. This hefty loan’s purpose is to acquire land for the key Virar-Alibaug Multimodal Corridor in Mumbai.
What Are The Present Updates Of The Metro Project?
The state government has shared major details about the construction of the Mumbai Metro 3 project. According to the information provided by the Chief Minister’s Office, 98 per cent of the development is already completed. This is indeed great news. It looks like the construction is close to coming to an end. Also, another significant fact to note here is that the budget of the project now changed to ₹37,275.50 crore.
Also read:Â Mumbai Metro Line 3 Expected To Open By July 1; How Will The New Line Help Ease Airport Commute?
Mumbaikars, are you excited to travel on this metro route once the operations start?
Cover Image Courtesy: X/ 🇮🇳 Amαr (@Amarrrrz)
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