The Bharatiya Janata Party and its allies on Tuesday welcomed the Union Budget and said it focussed on youth, farmers, women, and has 'substantial allocations' for Maharashtra, but the opposition slammed the annual financial statement, claiming it neglected the western state and only seeks to please the saffron outfit's partners in Bihar and Andhra Pradesh.
Beginning January 1, suburban train passengers in Mumbai will have to pay Rs 2 to Rs 4 more for the daily journey as the Railways have decided to increase the surcharge on suburban train services.
The World Bank has approved $430 million (over Rs 1,900 crore) to finance further improvement of Mumbai's suburban railway system, considered the city's lifeline.
The loan will be used to finance procurement of electrics for manufacture of EMU rakes, conversion of DC to AC on Central Railway, technical studies and institutional strengthening studies, Minister of State for Railway K H Muniyappa said.
The MUTP II focuses on segregating the outstation and suburban railway traffic, which will eventually increase the frequency of trains on the suburban railway network. The MUTP II focuses on segregating the outstation and suburban railway traffic, which will eventually increase the frequency of trains on the suburban railway network.
World Bank is likely to give Mumbai projects Rs 275 crore less, in wake of the appreciation of rupee against the dollar.
World Bank resumed financing the Mumbai Urban Transport Project on Thursday lifting the suspension imposed in March.
Mumbai rail service may get a facelift as the Union Railway Minister Lalu Prasad Yadav announces the Phase II of developmental plans this Budget.
To ease congestion and bottlenecks at Metros, the Railways propose to develop mega terminals at Chitpur in Kolkata and Anand Vihar in Delhi, Railway Minister Nitish Kumar announced
A surcharge of Re 1 would be imposed on a second-class card ticket and Rs 2 on a first class card ticket.
The maiden Railway Budget of the Narendra Modi-led NDA government seems to have not gone down well with the suburban commuters as it does not offer anything new to them, commuters associations in Mumbai said.
With the Japanese government taking a lead in funding the megapolis' many signature infrastructure projects, the World Bank has evinced interest in funding the proposed Charkop-Dahisar and Wadala-Teen Hath Naka Metro projects.
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