Budget Allocation For Mumbai Suburban Rail Network: Receives Significant Boost In 2024!

Budget Allocation For Mumbai Suburban Rail Network

The Mumbai suburban rail network, a lifeline for millions of commuters, receives a substantial allocation in Budget 2024, signaling the government’s commitment to enhancing rail infrastructure in the financial capital. The allocation, shared between the Railways Ministry and the Maharashtra government, underscores efforts to expand and modernize the city’s transportation network.

Budget Allocations for Mumbai Urban Transport Projects (MUTP)

Budget Allocation For Mumbai Suburban Rail Network: Finance Minister Nirmala Sitharaman has earmarked a total of ₹789 crore for the Mumbai Urban Transport Projects (MUTP), aimed at bolstering the suburban railway network. The allocation is distributed across various phases of the MUTP, with ₹100 crore allocated for MUTP (second phase), ₹300 crore for MUTP-III, and ₹389 crore for MUTP-IIIA. This significant investment is poised to accelerate ongoing infrastructure projects and address critical transportation needs in Mumbai.

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Expansion Initiatives and Project Progress

Subhash Chand Gupta, Chairman and Managing Director of Mumbai Railway Vikas Corporation (MRVC), lauded the budget allocation, emphasizing its role in driving forward MUTP works. Gupta highlighted the awarding of contracts for 17 station improvement projects under MUTP, signaling progress in enhancing commuter facilities. Additionally, key projects such as the Panvel-Karjat suburban corridor and Virar-Dahanu quadrupling work are advancing on schedule, underscoring the momentum in Mumbai’s railway expansion efforts.

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Groundwork has commenced for the Kalyan-Badlapur quadrupling project and the Borivali-Virar fifth and sixth lines, demonstrating the government’s proactive approach towards addressing capacity constraints and enhancing connectivity across Mumbai’s suburbs.

Budget Allocation For Mumbai Central Line

State and Union Government Collaboration

The Railways Ministry and the Maharashtra government collaborate on MUTP projects on a 50:50 cost-sharing basis, reflecting a shared commitment to bolstering Mumbai’s railway infrastructure. With the state government contributing its share, the total available funds for MUTP projects amount to ₹1596 crore, ensuring sustained momentum in project execution and delivery.

Budget 2024: Maharashtra Railway Infrastructure Boost

In a significant development, the interim budget for the fiscal year 2024-’25 allocates ₹15,554 crore towards Maharashtra’s rail infrastructure, marking a substantial increase from previous years. Union Minister for Railways, Communication, Electronics, and Information Technology Ashwini Vaishnaw announced this allocation, highlighting the government’s dedication to enhancing rail connectivity and transportation networks in the state.

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Conclusion

The budgetary allocations for Mumbai’s suburban rail network and Maharashtra’s overall rail infrastructure underscore the government’s unwavering commitment to modernizing and expanding transportation networks. As projects progress and new initiatives take shape, Mumbai residents can anticipate improved connectivity, enhanced commuter experiences, and a robust foundation for future growth and development in the region.

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