Hurdle cleared for Mumbai Metro 1 transfer?

Updated On: 05 July, 2024 07:17 AM IST | Mumbai | Rajendra B. Aklekar

Cabinet directs MMRDA to settle Metro One debt through a One Time Settlement with six public sector undertaking lenders

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Trial run of a Metro train between Versova and Andheri Sports Complex in 2013. Pic/Nimesh Dave

Paving the way for the much-awaited takeover of Mumbai Metro Blue Line 1, the state cabinet has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to settle Metro One debt through a one-time settlement with six public sector undertaking lenders.

The trial run of a Metro train on May 1, 2013. Pic/Nimesh Dave

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