Maharashtra Chief Minister and Chairman of Mumbai Metropolitan Region Development Authority – MMRDA, Devendra Fadnavis, on Wednesday, approved Rs. 6,976.50-crore budget for the year 2017-18.
The budget spares large sums to projects such as Metro corridors, Mumbai Trans Harbour Link, Monorail Phase-II, development of Mumbai Metropolitan Region and development of water resources besides prioritizing the Bandra-Kurla Complex to improve its connectivity and infrastructure.
7 City Metro Projects have received 3,210 crore financial allocation, whereas, Rs.1,200 crore have been set aside for Mumbai trans Harbar link project. The MMRDA has given Rs.700 crore for Mumbai Metropolitan Region development and Rs. 300 crore have been allocated for Water Resources.
Fadnavis said that MMRDA wants to ensure that one can reach anywhere in Mumbai in one hour and the commute must be congestion-free. He added that the Metro corridors are the future of Mumbai city.