Restrictions placed by the Bombay high court “till further orders” on late-night construction work (10pm-6am) on the Metro 3 line following complaints from Cuffe Parade residents have resulted in not only a nine-month work delay but also — if the stay holds for three months more — a projected annual loss of Rs 6,133 crore to the economy, claim experts closely associated with the underground project.
The cost of laying the Colaba-bandra-Seepz Metro 3 corridor, a project undertaken by the Mumbai Metro Rail Corporation (MMRC), is more than Rs 23,000 crore.
A detailed project report on the MMRC website talks about costs that would be saved with the operation of the new line. These are the EIRR (environmental internal rate of return) and the FIRR (financial internal rate of return). Read More
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