Even as the Mumbai Metropolitan Region Development Authority (MMRDA) is yet to make the second phase of the monorail between Wadala and Jacob Circle operational, it has now figured that it can at least make some revenue by renting out the space on its piers (pillars) to advertisers.
Since construction began in 2008, the pillars for the second phase have been ready for over five years now. “It would be too early to say how much revenue would be generated from the renting of space on the pillars, but the revenue generated from this would be utilised for infrastructure projects in the Mumbai Metropolitan Region,” said Dilip Kawathkar, spokesperson, MMRDA. Read More…
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