MMRDA Explores One-Time Debt Settlement for Mumbai Metro Line 1
The Eknath Shinde government has postponed its plans to purchase Mumbai Metro Line 1. Instead, the State Cabinet has instructed the executive committee of the Mumbai Metropolitan Region Development Authority (MMRDA) to consider a one-time settlement of the Rs 1,700 crore debt owed by Mumbai Metro One Pvt Ltd (MMOPL). Mumbai Metro Line 1, the […]
Maharashtra government will pay off Rs 1,700 crore in metro debt owed by Reliance Infrastructure arm
It’s possible that the government of Eknath Shinde halted plans to purchase Metro 1. Nonetheless, the state cabinet has directed the MMRDA executive committee to consider a one-time payment for the Rs 1,700 crore debt Mumbai Metro One Pvt Ltd (MMOPL) owes its creditors. Currently serving 4.6 lakh people daily, Metro 1 is the oldest […]
Maharashtra will pay off its Rs 1.7k crore debt instead of purchasing Mumbai Metro 1
The state cabinet has instructed MMRDA’s executive committee to investigate paying out Mumbai Metro One Pvt Ltd (MMOPL)’s lenders in full, even though the Shinde government has postponed its ambitions to purchase Metro 1. Metro 1, the city’s oldest route, is the only one run by a public-private partnership. It presently serves 4.6 lakh people […]