Railways to start with Mumbai elevated rail

June 10, 2012
The project is expected to be funded through passenger fares, real estate development of the nearby area and at most 20 per cent funding could be through VGF (Viability Gap funding).

The first project to take off is the elevated rail corridor of Mumbai connecting Churchgate and Virar, with total investment of Rs 20,000 crore.

BY OUR INFRASTRUCTURE BUREAU  |  MUMBAI: With Prime Minister Manmohan Singh setting the ball rolling for infrastructure projects, long-pending railway projects take centre-stage again.

These projects, if implemented within time, could turn around the fortunes of Indian Railways though there is a question mark over the timeline.
According to the target set by the Prime Minister, contracts for the Sonnagar-Dankuni section of the Dedicated Freight Corridor, elevated rail corridor in Mumbai and locomotive factories in Madhepura and Marhowra should be awarded this year.
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