Reliance Infrastructure out of Mumbai metro phase II

By Rachita Prasad , ET Burea

MUMBAI: Reliance Infrastructure has exited the second phase of Mumbai metro project, which was in limbo for five years.

This is Reliance Infrastructure’s third exit from a mega project after the Delhi Airport Metro project and Mumbai Sea link extension project.

The company and the Maharashtra government have “mutually” terminated the contract, Reliance Infrastructure said in a statement on Thursday. The contract to build the second phase of Mumbai metro— which would have connected the localities of Charkop, Bandra and Mankhurd—was awarded to the Anil Ambani-led Reliance Group in 2009.

In 2012, Reliance Infrastructure, which built Mumbai’s first Metro rail line, had exited from Mumbai’s Haji Ali-Worli sea link after a dispute with the authorities. More info

Ilustration photo: by Saurabh Raut  Rake Number 1012 Of Mumbai Metro Curving Inside Ghatkopar Metro Station

 

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