Thane-Bhiwandi-Kalyan Metro-5 Project Approved by Maharashtra Cabinet

Mumbai, October 24: Maharashtra Cabinet on Tuesday approved Metro-5 project that will connect Thane-Bhiwandi-Kalyan in next few years. The 24 km long Thane-Bhiwandi-Kalyan Metro-5 project will cost ar

Updated: October 24, 2017 4:08 PM IST

By India.com News Desk

Thane-Bhiwandi-Kalyan Metro-5 Project Approved by Maharashtra Cabinet

Mumbai, October 24: Maharashtra Cabinet on Tuesday approved Metro-5 project that will connect Thane-Bhiwandi-Kalyan in next few years. The 24 km long Thane-Bhiwandi-Kalyan Metro-5 project will cost around Rs 8416 crore to the state government.

These Metro railways will become an alternative mode of transport that would help decongest the overcrowded buses in Bhiwandi, Thane and Kalyan. The project will also connect some isolated areas where railways fail to reach.

Some officials said that “The Mero would provide higher speed and is also environment-friendly”.

The biggest challenge for Maharashtra state government was to mobilise resources for the Metro projects.

Earlier this month, Chief Minister Devendra Fadnavis got an official nod from the Japanese government for Rs 30,000 crore investments for Metro projects. The funds will be available at a low-interest rate of 0.5 per cent for a period of over 30 years.

A report said that all the Metro works are personally monitored by Chief Minister and every stretch has been given a definite time to line. The government is determined to take the project to a logical end, they added.

A senior officer reportedly said, “By 2019, we will be able to complete some stretches and it will become operational for public”.

The state government has not yet given any specific date for the completion of Thane-Bhiwandi-Kalyan project.

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