Mumbai Metro One: Difference between revisions
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'''Mumbai Metro One''' is a privately owned company in [[India]] created as a joint venture between [[Reliance Energy Limited|Reliance Energy]], [[Mumbai Metropolitan Regional Development Authority]] and [[Veolia Transportation]] of [[France]]. | '''Mumbai Metro One''' is a privately owned company in [[India]] created as a joint venture between [[Reliance Energy Limited|Reliance Energy]], [[Mumbai Metropolitan Regional Development Authority]] and [[Veolia Transportation]] of [[France]]. | ||
The company was incorporated under the [[Companies Act (India)|Companies Act, 1956]] as a ''Special Purpose Vehicle'' for the implementation of the first phase of the [[Mumbai Metro]] project. An equity of 5% has been picked up by Veolia, while the rest has been invested in equally by REL and MMRDA. | The company was incorporated under the [[Companies Act (India)|Companies Act, 1956]] as a ''Special Purpose Vehicle'' for the implementation of the first phase of the [[Mumbai Metro]] project. An equity of 5% has been picked up by Veolia, while the rest has been invested in equally by REL and MMRDA. | ||
The company is headquartered at [[Marol]] in [[Mumbai]]. | The company is headquartered at [[Marol]] in [[Mumbai]]. | ||
Currently, Mumbai Metro One is concentrating on the implementation of Phase One (called the Versova-Andheri-Ghatkopar, or ''VAG'' phase) of the [[Mumbai Metro]] project. This phase, estimated to cost US $ 565 million, is the first privately funded public transportation infrastructure project in [[India]]. | Currently, Mumbai Metro One is concentrating on the implementation of Phase One (called the Versova-Andheri-Ghatkopar, or ''VAG'' phase) of the [[Mumbai Metro]] project. This phase, estimated to cost US $ 565 million, is the first privately funded public transportation infrastructure project in [[India]]. | ||
Revision as of 14:58, 10 December 2022
Mumbai Metro One is a privately owned company in India created as a joint venture between Reliance Energy, Mumbai Metropolitan Regional Development Authority and Veolia Transportation of France.
The company was incorporated under the Companies Act, 1956 as a Special Purpose Vehicle for the implementation of the first phase of the Mumbai Metro project. An equity of 5% has been picked up by Veolia, while the rest has been invested in equally by REL and MMRDA.
The company is headquartered at Marol in Mumbai.
Currently, Mumbai Metro One is concentrating on the implementation of Phase One (called the Versova-Andheri-Ghatkopar, or VAG phase) of the Mumbai Metro project. This phase, estimated to cost US $ 565 million, is the first privately funded public transportation infrastructure project in India.