The Asian Development Bank (ADB) and the Government of India signed a USD 926 million loan for Mumbai metro lines 2A, 2B and 7.
The loan will fund the procurement of 63 six-car trains, the supply and installing of the signalling and safety systems and will help to establish a new dedicated metro operations organisation to manage the entire metro network in Mumbai.
Once operational by the end of 2022, an estimated 2 million passengers a day will use the two new lines, travelling in improved safety and comfort. It will also reduce emissions from vehicles, with carbon dioxide emissions expected to fall by about 166,000 tons a year.
“The New Mumbai Metro is an ambitious and truly transformative venture planned by the state government, which will contribute to enhance the efficiency of the urban transport network and productivity of India’s financial center,” Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs, Ministry of Finance who signed the loan on behalf of the Government of India.
The project marks ADB’s first co-financing with the Shanghai-based New Development Bank, which will provide USD 260 million toward the metro systems project. The Mumbai Metropolitan Region Development Authority (MMRDA) will implement civil works and other related components for the lines 2A, 2B, and 7.
The total length of the line is 58 km. The 2A line will be constructed from Dahisar to D.N. Nagar, the 2B will be the extension, from D.N. Nagar–Bandra–Mandale and line 7 will be constructed in the eastern part of Mumbai, linking Dahisar and Andheri.