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 […]
After three months, the government reverses course and buys out R-Infra’s Metro-1 stake
MUMBAI: Three months after sanctioning it, the state government has changed its mind about acquiring the Versova-Andheri-Ghatkopar Metro-1. During a Tuesday cabinet meeting, the decision was made. The city’s oldest route, Metro-1, is the only one developed under a public-private partnership. Mumbai Metro One Private Ltd (MMOPL), a special purpose vehicle (SPV), is in charge […]