MMRDA may take over operations of ‘bleeding’ Metro one

MUMBAI:The city’s only operational metro corridor-Metro one-Built on public private partnership (PPP) with Anil Ambani’s Reliance Infrastructure may be taken over by MMRDA according to the sources in government. The state has asked the agency to undertake due diligence before moving ahead with it.

MMRDA has 26% stake in Mumbai Metro One Pvt Ltd(MMOPL), which runs the metro, while reliance infra holds 69%.It has operated the 12 km versova-andheri-ghatkopar corridor since 2014 The state has asked MMRDA to come up with the the terms and condition and also acertain the liabilities before the negotiations can begin or proposal discussed with MMOPL

DATE-21 AUG 2020

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