Maharashtra Pays Off Debt on Reliance Metro

Mumbai Metro One Pvt Ltd (MMOPL), a subsidiary of Reliance Infrastructure, owes the Maharashtra government a substantial debt of Rs 1,700 crore. This financial assistance is a critical first step in sustaining and growing Mumbai’s metro system. The government’s resolve to enhance urban transportation and lessen the financial strain on private companies participating in public infrastructure projects is demonstrated by this decision.

MMOPL’s Mumbai Metro Line 1 has played a significant role in relieving traffic on the city’s roadways and offering passengers a dependable means of transit. But the project has had financial difficulties, mostly because of the large debts that were accrued during the initiative’s creation and running. The intended outcome of the Maharashtra government’s action to pay off this debt is to stabilize MMOPL’s financial situation and guarantee the metro line’s continuous and effective operation.

Source – Construction World

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