The state government and the centre have made an investment of ₹2.75 lakh crore in Mumbai just for transport projects
... all of which are slated to be undertaken in the next six years.
This is equivalent to about US $30 billion, said real estate and business tycoon Niranjan Hiranandani, at an event, ‘Imagine 2060: Delivering Tomorrow’s Cities Together’, organised by the AECOM and Asia Society, a global nonprofit institution.
Hiranandani remarked that a new paradigm shift is taking place in the city in terms of transport and said that in the last 70 years, the centre and the state investment on transport was not even three billion. So three billion in 60 years for the city and the periphery of Mumbai.
And now, $30 billion in the next six years will add on to the sea-change that is likely to take place. Interestingly, most of the infrastructure work has already begun, like the metro projects, the Navi Mumbai international airport, Mumbai Trans Harbour Link (MTHL) and others. A lot of deficit is there and that is the opportunity to do it. When you don’t have something, there’s an opportunity to do it and that change is taking place.