(a) whether his Ministry has received a proposal from
the Government of Maharashtra for viability gap funding of
Rs. 650 crores for implementation of Mass Rapid Transit
System on Versova-Andheri-Ghatkopar Corridor, under the
Mumbai Metro Rail Project;
(b) if so, the details thereof;
(c) whether the Ministry is considering giving its
sanction for the above project; and
(d) if so, the details thereof?
THE MINISTER OF STATE IN THE MINISTRY OF URBAN DEVELOPMENT(SHRI SAUGATA ROY)
(a): Yes, Madam.
(b): The Government of Maharashtra approached the Central
Government for approving Viability Gap Funding to the tune
of Rs. 650 crore for Versova-Andheri-Ghatkopar-Corridor
(11 kms) of Mumbai Metro Project in July 2006.
(c)&(d) : The Viability Gap Funding eligible from
Government of India is to the extent of 20% of the project
cost of Rs. 2356 crore i.e. Rs. 471 crore. The balance
Viability Gap Funding of Rs. 179 crore shall be the
responsibility of the State Government. The State
Government has communicated in June, 2009 about the
requirement of funding of 50% each in 2009-10 and 2010-11.
Accordingly the Ministry of Finance has noted about making
a provision of Rs. 235.50 crore as Additional Central
Assistance (ACA) in Budget 2009-10.