The new discounted fares are Rs 10 (3 km), Rs 15 (8 km) and Rs 20 (20 km).
Alleging that there has been an enormous cost escalation in the Mumbai Metro Rail project, Bharatiya Janata Party (BJP) has demanded that Maharashtra government should conduct a special audit to find out the `real cost'.
On Tuesday, the state-run Mumbai Metropolitan Region Development Authority, the planning body, indicated that it expected to award the contract before December, which would pave the way to kick start construction in the same month.
The Railway's research arm RDSO is likely to issue 'speed certificate' to the much-awaited Mumbai Metro this week.
The project is for a concession period of 35 years with an extension clause of another 10 years, the company said in a statement.
The 11.4-km Versova-Andheri-Ghatkopar corridor is set to be operational by 2010-end. Mumbai Metro One, the special purpose vehicle formed to undertake construction, has selected CSR Nanjing Puzhen Rolling Stock Company -- a 100-year-old subsidiary of the government-owned China South Locomotive and Rolling Stock Corporation.
A day after an air-conditioning duct on the Versova-Andheri-Ghatkopar metro railway train malfunctioned leading to rain water pouring into a coach, its operator Mumbai Metro One claimed that it has taken "all necessary measures" to ensure such incidents do not recur.
Mumbai's first metro project between Versova-Andheri-Ghatkopar will be commissioned in 30 months, instead of the stipulated 60 months.
The Uddhav Thackeray-led faction of Shiv Sena is keen to contest eight out of the 10 Lok Sabha constituencies in the Mumbai Metropolitan Region with some 'give and take' in the next elections, sources said on Tuesday.
According to sources, RInfra has sought a steep revision in the fares with minimum Rs 22 and maximum Rs 33, citing a near-doubling of its cost.
The Mumbai Metro will finally start commercial operations from on Sunday after a delay of three years, providing much-needed relief to the commuters in the bustling metropolis where the overburdened suburban railways ferries 70 lakh people every day.
GE had also lined up aggressive investment plans for roads, airports, ports and real estate sectors.
The Rs 4,300-crore (Rs 43-billion) project -- marred by missed deadlines and cost overruns -- has finally started full scale test run last week between Ghatkopar and Versova and will open to public by mid-January.
Republican Party of India (Athawale) on Wednesday objected to naming of the city metro service as 'Reliance Metro' and demanded it should be renamed as 'Mumbai Metro'.
The matter came up for hearing on Monday before a bench chaired by Justice R D Dhanuka.
Mumbai Metro commuters get top-up facility.
Pressure is mounting on Reliance Infrastructure to change the name of metro rail project, with a senior minister in the Congress-NCP led Maharashtra government joining the chorus of Opposition leaders making similar demand.
A senior official from the urban development ministry said that allowing four floor space index within a 500 metre from the station will help the developer to bring down the viability gap funding because he will be able to make profits from the excess FSI. This will also allow the state government and the BMC to generate funds for infrastructure projects.
It is yet to be decided whether the Rs 2,356 crore (Rs 23.56 billion) Phase One of the project is eligible for VGF or not, a key Finance Ministry official told PTI. \n
The new fare structure which will come into effect from December 1.
Reliance Infrastructure said it plans to commission the Mumbai Metro rail project this year.
The government will provide necessary land at a nominal rate.
Chavan said the process of obtaining all mandatory safety certifications are underway.
A record 1.15 million commuters travelled on the newly-launched 11.4-km Versova-Andheri-Ghatkopar corridor of the Mumbai Metro.
A committee headed by Indian Institute of Technology Bombay professor K V K Rao would probe the incident and suggest safety measures to avoid such instances in the future.
Mumbai Metro One to continue with discounted fares till Nov 30.
The Ambani brothers are once again going to clash over Mumbai's infrastructure as the Mumbai Metropolitan Regional Development Authority has decided to call financial bids for the Rs 12,000-crore (Rs 120 billion) second corridor of Mumbai Metro connecting Charkop to Mankhurd via Bandra from short-listed consortiums.
The India meteorological department (IMD) on Wednesday evening issued a red alert for Mumbai and its neighbouring districts, predicting "extremely heavy rainfall".
A consortium of six banks led by IDBI will finance the project to the tune of Rs 1,194 crore (Rs 11.94 billion), Rs 512 crore (Rs 5.12 billion) will be raised through equity while Rs 650 crore (Rs 6.5 billion) will come from the MMRDA as capital subsidy. The closure is unique in many ways as nearly Rs 200 crore (Rs 2 billion) have been spent on the project before the financial closure.
In a development that is bound to bring cheer for Mumbai's weary commuters and overburdened transportation facilities, authorities for the Mumbai Metro 1 project estimate that the Metro will be fully functional by next year.
.jpg)
The commissioning of the 3-km Versova to Azad Nagar stretch of Mumbai Metro-I project will not be operational from September, as the Central Railway Safety Commissioner's approval is still awaited.
Mumbai Metro One (MMOPL) has decided to offer a promotional fare of Rs 5 between any two stations on the stretch on a trial basis, to woo people to commute in the city's first Metro during off-peak hours in morning, its operator.
None of the seven consortiums shortlisted for the Maharashtra government's flagship project, the Rs 6,200-crore second phase of the Mumbai Metro, participated in the financial bids that closed on Friday. "The reason for asking more time could be the prevailing economic slowdown. They sought at least one more month to submit the bids," a Mumbai Metropolitan Region Development Authority official said.
Twitter swiftly reacted when an image of water started leaking around 11.30 am in a compartment of a Ghatkopar-bound train.
Mahanagar Gas (MGL) has just hiked prices for compressed natural gas (CNG) and domestic piped natural gas (PNG) in the Mumbai Metro Area. The distributor raised prices by Rs 1.50 per kilogramme (kg) for CNG, bringing the price up to Rs 75 per kg, including taxes. Domestic PNG prices were hiked from Rs 1 per standard cubic meter (SCM) to Rs 48 per SCM, inclusive of taxes.
At present, Mumbai Metro One Private Ltd (MMOPL) is offering a promotional fare of Rs 10 for all the destinations till July 9.
MMOPL has already taken a decision to extend the fare slab of Rs 10 to Rs 40.
The rise in commuters was also despite the state-run Mumbai Metropolitan Region Development Authority filing a petition against MMOPL on fare fixation.
Anil Dhirubhai Ambani Group company Reliance Infrastructure (R-Infra) will soon be the official owner of the second phase of the Mumbai Metro project. The state government and the company will sign a concession agreement for the Rs 11,000-crore (Rs 110 billion) project on Thursday, according to sources.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances