I don’t even know where to start. Funding & Depots for the second line hasn’t been finalized yet and the tenders for the third line haven’t been opened. Yet as per recent reports like this, the MMRDA has started deliberations with various organizations for the fourth metro line. While this is definitely good news, it would be better if the MMRDA could perhaps get the other two lines on their merry way to construction first.
This fourth line is envisaged to be 32 km long and run between Wadala-Ghatkopar-Thane-Kasarvadavali on the eastern flank of the city. It’ll mostly be underground but a part of it will be elevated from Kapurbawdi to Kasarvadavali. MMRDA officials have recently been in talks with the Asian Development Bank (ADB), World Bank (WB) and Japan International Cooperation Agency (JICA). As per officials, the World Bank which is known for its stiff interest rates has offered loan at a competitive rates.
The proposal for the fourth line has been submitted to the State government and once it’s been cleared, it’ll be forwarded to the Centre to facilitate the loan process from the chosen financial institution.