| Developer sticks to his guns, won’t start work on Metro-II by railgenie on 04 October, 2012 - 08:00 PM | ||
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railgenie | Developer sticks to his guns, won’t start work on Metro-II on 04 October, 2012 - 08:00 PM | |
Metro Line-II is likely to be delayed further because the developer — Mumbai Metro Transport Private Ltd (MMTPL) — has told the state government and Mumbai Metro Rail Corporation (MMRC) that it would start work only when agreement conditions are fulfilled completely and the constraints being faced by the project are resolved.MMPTL, a company of Reliance Infrastructure, said this in response to MMRC’s directive last month that construction of the Charkop-Bandra-Mankhurd line be started immediately. “It is indeed shocking that the MMRC has chosen to take such a stand, while conveniently overlooking/ignoring the fact that the government and MMRC have failed to fulfill their obligations as set out on the concession agreement.”The 32-km corridor will have 27 stations, and is expected to cost between Rs. 8,450 crore and Rs. 11,000 crore.MMRC, a subsidiary of the urban planning body — the Mumbai Metropolitan Development Authority (MMRDA) — had warned the developer on September 6 that it would initiate action if it did not start work immediately. | ||