January 5, 2024: The Mumbai Metropolitan Region Development Authority (MMRDA) has announced the merging of the Monorail Project Implementation Unit (Mono-PIU) with the Maha Mumbai Metro Operation Corporation (MMMOCL).
This thought over move is to cut the incurring costs and improve the operations of the Mumbai Monorail, which according to experts is not doing well financially as was expected. The monorail is expected to incur losses more than Rs 525 crore in 2023-24 and this move is envisaged to help arrest further losses.
With this merger, the MMRDA will save close to Rs 40-60 crore annually and manpower duplication will be limited. To further operations, the MMRDA has also ordered for 10 new rakes.
The Mumbai Monorail Line 1 –Phase -1 from Chembur to Wadala was inaugurated in February, 2014. The Phase-2 of Line 1 from Wadala to Jacob Circle opened in March 2019. While Phase-1 from Chembur to Wadala has seven stations, the Phase-2 from Wadala to Jacob Circle has 11 stations.
(Featured image: MMRDA)
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