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Cabinet approves Thane integral Ring Metro Rail Project

Published By : Admin | August 16, 2024 | 21:43 IST
The total completion cost of the project is Rs.12,200 crore to be operational by 2029
Total Length of the ring corridor is 29-km (26 km Elevated and 3 km underground) and includes 22 Stations
Connects prominent areas like Naupada, Wagle Estate, Dongripada, Hiranandani Estate, Kolshet, Saket etc.

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Thane Integral Ring Metro Rail Project corridor, Maharashtra. The 29-km corridor will run along the periphery of west side of Thane city with 22 Stations. The network is encompassed by Ulhas River on one side and Sanjay Gandhi National Park [SGNP] on the other.

This connectivity would provide a sustainable and efficient mode of transport, facilitating the city to realize its economic potential and ease traffic congestion on the roads. The project is also expected to contribute to reduction of greenhouse gas emissions.

Project Cost & Funding:

The estimated cost of the project is Rs.12,200.10 crore, with equal equity from Government of India and Government of Maharashtra as well as part-funding from bilateral agencies.

Funds would also be raised through innovative financing methods such as by selling Station naming and access rights for corporate, monetization of assets, Value Capture Financing route.

The corridor that connects major business hubs would provide an effective transport option for large section of employees. The Project is likely to be completed by 2029.

More importantly, the Metro line would benefit thousands of daily commuters, especially students and those commuting every day to office and work area by providing faster and economical transport options. The project would result in total daily ridership on the metro corridors for the years 2029, 2035 and 2045 by 6.47 Lakh, 7.61 lakh & 8.72 lakh passengers respectively.

Maha Metro will execute the project, along with civil, electro­mechanical, other associated facilities, works and related assets. Maha-Metro has already started the pre-bid activities and preparation of Tender documents. The contracts will be floated immediately for bidding.

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The Prime Minister Shri Narendra Modi today pays tributes to legendary Shri Raj Kapoor on his 100th birth anniversary. He hailed him as a visionary filmmaker, actor and the eternal showman. Referring Shri Raj Kapoor as not just a filmmaker but a cultural ambassador who took Indian cinema to the global stage, Shri Modi said Generations of filmmakers and actors can learn so much from him.

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“Shri Raj Kapoor’s passion towards cinema began at a young age and worked hard to emerge as a pioneering storyteller. His films were a blend of artistry, emotion and even social commentary. They reflected the aspirations and struggles of common citizens.”

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