The Colaba-Bandra-SEEPZ project, popularly known as the Metro Line 3, has taken a big leap.
The Mumbai Metro Rail Corporation Ltd (MMRCL) board has given the go ahead to award civil contracts for the entire section of 33.5 km for implementation in seven packages with total cost of construction at Rs 18,114.9 crore.
Major contractors from India, in joint venture with leading international companies, have participated in the bidding and five companies have been awarded seven contract packages.
The 33.5 km-long underground corridor with 27 stations (26 UG and 1 at grade) is being implemented, with JICA loan assistance, by MMRCL, a JV/SPV of Government of India and Government of Maharashtra, MMRCL officials said on Tuesday.
The Metro Line 3 would be a crucial North-South corridor connecting major CBDs of Nariman Point, Bandra-Kurla Complex, domestic and international terminals of Chhatrapati Shivaji International Airport and industrial areas of MIDC and SEEPZ.
Published 05 July 2016, 19:28 IST