Mumbai Metro One
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.
History
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.
Projects
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.