Home Business Reliance Maharashtra govt to take over ops of ‘bleeding’ metro?

Reliance Maharashtra govt to take over ops of ‘bleeding’ metro?

Reliance Maharashtra govt to take over ops of ‘bleeding’ metro?Reliance

MUMBAI: The metropolis’s solely operational Metro corridor-—Metro One—constructed on public personal partnership with Anil Ambani’s Reliance Infrastructure could also be taken over by Mumbai Metropolitan Region Development Authority (MMRDA), in accordance to sources.

The state has requested the agency to undertake due diligence earlier than transferring forward with the plan. MMRDA has 26% stake in Mumbai Metro One Pvt Ltd (MMOPL), which runs the Metro, whereas Reliance Infrastructure holds 69%. It has operated the 12-km Versova-Andheri-Ghatkopar hall since June 2014.

TOI’s queries to MMOPL remained unanswered, but it surely has been bleeding ever for the reason that mission was commissioned. A supply mentioned, “The state government has asked MMRDA to come up with the terms and conditions and also ascertain the liabilities before the negotiations can begin or proposal discussed with MMOPL.”

Confirming the plan to take over the possession of the Metro, MMRDA officers mentioned there have been some discussions, however talks are at “an initial stage”.

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