The Mumbai Metropolitan Region Development Agency (MMDRA) has massively revised its four-year estimated budget for infrastructure projects in Mumbai to Rp 1.13 trillion (£17.2bn) – an increase of £5.8bn.
The authority, in charge of major projects including the Mumbai Metro and Mumbai Monorail, said the increase from an earlier estimate was due to the city’s rising infrastructure demands.
“The investment is required to speed up the ongoing projects and to manage the projects that are in the pipeline,” said MMRDA’s Metropolitan Commissioner, Ratnakar Gaikwad.
The Mumbai Metro, under construction since February 2008, is currently estimated to cost £3.1bn. Upon completion in 2021, the project will be 146.5km long.
At present, the £382M Mumbai Monorail is 19.54km-long and is scheduled to be completed next year. However, the MMRDA is planning to extend the network to 169km by 2021.