The cost of the delayed Versova—Andheri—Ghatkopar Metro project rose 84% to Rs4,321 crore. Although the Reliance Infrastructure-led Mumbai Metro One is going to miss its seventh deadline this September, the company is seeking to hike the fare to substantiate increased project cost
Repeated delays and rising cost of raw material has caused construction cost of the Mumbai Metro project to shoot up by 84%. It is now going to cost Rs4,321 crore, up from its original cost of Rs2,356 crore. The project was scheduled for completion in March 2012, but remains "work in progress," according to Maharashtra chief minister Prithviraj Chauhan. The 12km long Versova- Andheri-Ghatkopar metro project is going to miss its seventh deadline, which was on September 2013, and is now scheduled to be completed early next year.
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