The 32km line will run from Charkop to Mankhurd via Bandra with 27 stations.
Reliance Infrastructure is planning to start construction of the second metro project in Mumbai by early 2011, said KP Maheshwari, head of the metro division of the company. The 32km line will run from Charkop to Mankhurd via Bandra with 27 stations.
The Mumbai Metropolitan Region Development Authority is thinking of extending the line to Dahisar and the company has in principle agreed to the move. “We have completed the preliminary engineering and design and the topographical and geo-technical surveys and we should begin construction in the first quarter of calendar year 2011,” said Maheshwari on a conference call on Saturday.
Reliance Infra, which had bagged the Rs11,500 crore build-operate-transfer project in August 2009 in consortium with group company Reliance Communications and Canadian firm SNC Lavalin Inc, completed the fund tie-up for a debt of Rs7,000 crore for the project last month. The project will get a viability gap funding of Rs2,300 crore from the state government.
The project, tipped to be completed by 2015, has a concession period of 35 years with an extension of 10 years.
Reliance Infra is also developing Mumbai metro-I on the Versova-Andheri-Ghatkopar (VAG) corridor, which is set to be commissioned next year, and the Airport Express Line of Delhi metro.
The latter was to be completed on August 31 in time for the Commonwealth Games but was not leading to the Delhi Metro Railway Corporation (DMRC), levying a Rs20-crore penalty on Delhi Airport Express Metro Pvt Ltd (DAEMPL), Reliance Infra’s subsidiary. The company is hopeful of starting the line later this month.
For the quarter ended September 30, Reliance Infra’s net profit and operating income rose 11% and 2% to Rs360 crore and Rs4,043 crore respectively, from a year ago.
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