CIDCO approves DPR for Metro line 2 & 3 expected cost worth Rs 4600 Cr

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By Rohit Sharma

NEW MUMBAI:

CIDCO has approved the Detailed Project Report (DPR) for metro lines 2, 3 under the Navi Mumbai Metro Project in the meeting of Board of Directors held on February 18. Line 2 is expected to cost Rs 2820.20 crores and whereas line 3 to cost approx Rs 1850.14 crore.

Authority in a statement said, “DPR for line 4 is kept on hold and decision on the same will be taken on a timely basis.”

Essential factors like Navi Mumbai’s growing population, employment potentials and straight connectivity to NMIA were taken under consideration while preparing the DPR. This DPR includes the cost of constructing the line (route), operational and maintenance cost, funding options, length of the route, number of metro stations and other technical aspects. “Accordingly, metro lines: 2, 3 and 4 will incur approximate expenditures of Rs 2820.20 crore, Rs 1850.14 crore and Rs 1270.17 crore”, the authority said in a statement.

As per approved funding pattern for Metro lines 2 and 3, the SPV will receive 20% funding share from central government and 20% funding share from the state government. The balance 60% funding share will be borne by CIDCO. Similarly, for Metro line 3, balance 60% funding share will be provided by MIDC and CIDCO on a proportionate cost-sharing basis; which has been accepted in-principle by MIDC.

CIDCO has planned and is working towards the metro project in order to provide superior connectivity within all nodes of Navi Mumbai and at the same time; to facilitate travellers with a faster transit mode within the city.

There are a total of 4 lines proposed under the Navi Mumbai Metro Project; work is in full swing on line 1 which is of 11 km from Belapur to Pendhar. Similarly, Rites has been assigned the work of preparing DPRs for line 2 of 7.12 km from Khandeshwar to Taloja MIDC, line 3 of 3.87 km from Pendhar to Taloja MIDC and line 4 from Khandeshwar to Navi Mumbai International Airport (NMIA) with a length of 4.17 km.

The DPR recommends the formation of SPV (Special Purpose Vehicle) for the implementation of the project; planning with regards to the project, making several arrangements, assigning and supervising contacts. Coordinating with different state machinery etc; in order to handle and smooth functioning of all of these, proposed SPV shall have a two-tier organization. The apex level will be the SPV and second level will be a project management team consisting “General Consultants”.

This DPR also recommends a high power committee has to established under the Chief Secretary of Government of Maharashtra (GoM) for handling important tasks like land acquisition and rehabilitation; economic subsidies to be obtained from the government.





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