Mumbai| Prime Minister Narendra Modi today inaugurated the Indian Railways and Maharashtra government joint venture (JV) to fast-track 20 rail projects in Mumbai and elsewhere in the state.
The JV would undertake project development works to identify the basket of projects, prepare Detailed Project Report (DPR), get the requisite approvals and monitor and execute the projects, said Prabhat Sahai, Chairman and Managing Director of Mumbai Railway Vikas Corporation (MRVC).
Addressing a press conference along with General Managers of Central and Western Railways, Sahai had said, "Prime Minister Narendra Modi would lay the foundation stone of MUTP-3, consisting of new suburban corridors between Panvel and Karjat (28 km), Airoli and Kalwa (3 km) and quadrupling of Virar-Dahanu Road (63 km). Besides 47 new 12-car rakes would be brought for suburban network, and 22 new locations would be upgraded as trespass-proof."
Government of Maharashtra and Railways would sign an MoU to carry out the work on three major projects -- Bandra-Virar elevated corridor, Virar-Vasai-Panvel suburban corridor and CSTM-Panvel elevated corridor, Sahai said.
D K Sharma, the GM of Central Railway, said the Ministry of Railway, in collaboration with Government of Maharashtra would spend Rs 55,000 crore to upgrade the railway network in Mumbai metropolis.
"Till now, Railways used to carry out its projects on its own. But forming a JV to execute the project is the best way to execute projects, which is going to be very helpful in the regional development of the state," said G C Agarwal, General Manager of Western Railway.
Railway Minister Suresh Prabhu and Chief Minister Devendra Fadnavis had discussed the formation of JV in past.
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