RIL-Led Consortium Wins $1.7bn Mumbai Metro Contract

3 August 2009 (Last Updated August 3rd, 2009 18:30)

Indian companies Reliance Infrastructure (RIL) and Reliance Communication, along with Canada's SNC Lavalin, have won the contract to build the Indian city of Mumbai's Rs8,250 crore (approximately $1.7bn) Metro Phase II. The 32km elevated metro stretch will extend from Charkop to Mankhur

Indian companies Reliance Infrastructure (RIL) and Reliance Communication, along with Canada's SNC Lavalin, have won the contract to build the Indian city of Mumbai's Rs8,250 crore (approximately $1.7bn) Metro Phase II.

The 32km elevated metro stretch will extend from Charkop to Mankhurd via Bandra covering 27 stations.

RIL, which leads the consortium, will spend Rs5,952 crore under a public-private partnership.

A viability gap fund of Rs1,532 crore will come from the government and the remainder Rs766 crore will be given by the Mumbai Metropolitan Region Development Authority (MMRDA).

Work is expected to start shortly and is expected to be complete by 2014.

RIL is already a part of the city's Rs2356 crore 11km-long Versova-Andheri-Ghatkoparmetro Phase I project, along with Connex, Hong Kong's MTR Corporation and MMRDA.

The two phases are part of the city's ongoing Rs19,500 crore metro rail project to build a 146km metro network.