Mumbai Metro One Pvt Ltd (MMOPL) is a joint venture company formed by Reliance Infrastructure, Veolia Transport and the Mumbai Metropolitan Region Development Authority (MMRDA) based in Mumbai, India. It is the operator of Mumbai Metro, a rapid transit system under construction in the Indian city of Mumbai. The joint venture bagged the contract for the 2,356 crore (US$400 million) for building a 12-km metro line between Versova-Andheri-Ghatkopar. In October 2008, MMOPL had signed the loan agreements amounting to 1,194 crore (US$200 million), as the venture with 512 crore (US$87 million) equity was facing short of. IDBI Bank gave loan amounting to 300 crore(US$51 million), while the other bank in its syndication gave the rest. MMOPL is a special purpose vehicle incorporated for the implementation of the project. Reliance Infrastructure holds 69% of the equity share capital, while MMRDA holds 26% and remaining 5% is held by Veolia Transport. MMOPL is undertaking the construction of the first line of the metro after been granted five years beginning in May 2007. It is the first public-private partnership initiative for a metro project in India. They then roped in ABB, Siemens and Sew Constructions to execute various works for the 11km Versova-Andheri-Ghatkopar corridor. QUICK FACTS
* Journey time: 21 minutes
* Frequency: 3.5 minutes, going down to 3 minutes during peak hours * Fares # (2003-2004 level)
* Rs. 6 upto 3 Kms.
* Rs. 8 between 3 Kms.to 8 Kms.
* Rs. 10 beyond 8 Kms.
# Fares indicated are for 2003-2004 level and shall be revised @ 11% every fourth year (rounded off to the nearest rupee). Fares shall be fixed by Government of Maharashtra, through a notification. -------------------------------------------------
* The Proposed Versova-Andheri-Ghatkopar Metro corridor will be 11.40 Km long double line on elevated viaduct with Standard Gauge (1435 mm) * The proposed alignment...
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