After MMRDA, MRVC also demands Rs 950 crore from BMC
Vipul Vaidya
Mumbai: Under the Maharashtra government’s Mumbai Urban Transport Project (MUTP III-A), project works worth Rs 33,609 crore have been undertaken through the Mumbai Rail Development Corporation (MRVC). Out of this, Rs 950 crore will have to be paid by the Municipal Corporation. Out of this, Rs 153.74 crore has been paid and now the remaining amount of Rs 796.33 crore will be paid. Earlier, MMRDA had demanded Rs 5,500 crore from the Municipal Corporation for various development projects including the Mumbai Metro Rail. After that, it is time for MRVC to demand money too. Interestingly, although earlier the government had diverted this amount from the GST compensation amount, now this amount will be paid directly to the government in stages. (BMC)
“The Urban Development Department had sent a letter to the Municipal Corporation regarding the signing of the financing agreement for the Mumbai Urban Transport Project of the Government of Maharashtra. In this, a secondary financing agreement has been signed between the Government, Mumbai Municipal Corporation, Navi Mumbai Municipal Corporation, CIDCO, MMRDA, Mumbai Railway Vikas Corporation Ltd. and the Additional Chief Secretary and Principal Secretary (Navi-1) of the Government of Maharashtra. A total of 12 works are being undertaken under the Mumbai Urban Transport Project-Phase 3A. Its total cost is Rs 33,690 crore. It has been stated that the Ministry of Railways and the remaining 50 percent will be paid by the Government of Maharashtra and other authorities over the next 8 years. (BMC)
As per this financing agreement, out of the total amount of Rs 13,345 crore, the share of the Mumbai Municipal Corporation is Rs 950.07 crore. Out of this, a total of Rs 614.96 crore is required to be paid to MRVC during the first 4 years of the project implementation period. Also, a total of Rs 335.11 crore will be paid during the subsequent 4 years of the project implementation period. The amount of Rs. 950.07 crores will be paid. The share of the Mumbai Municipal Corporation for the project work is limited to Rs. 950.07 crore, and the Maharashtra Government has decided on September 6, 2023 to transfer this amount from the grant-in-aid amount to be paid to the Mumbai Municipal Corporation for compensation for octroi. Accordingly, this amount is being demanded to be paid to MRVC.
The Government decided in February 2025 to transfer the amount of Rs. 950.07 crore to be made available by the Mumbai Municipal Corporation for this project work from the grant-in-aid amount given to the Municipal Corporation by the State Government for compensation for local body tax, as required, and to provide it directly to MRVC. Accordingly, earlier, an amount of Rs. 153.74 crore was given by the State Government to the Mumbai Municipal Corporation from the grant-in-aid amount given to the Municipal Corporation by the State Government for compensation for local body tax and the remaining Rs. 796.33 crore will be given directly to MRVC through the Municipal Corporation without further transfer. Information is being received. (BMC)
MMRDA demands Rs 5,500 crore
MMRDA had demanded Rs 5,500 crore from the Mumbai Municipal Corporation for the cost of infrastructure development projects implemented in Mumbai. So far, Mumbai Municipal Corporation has paid an amount of Rs 2,000 crore to MMRDA and there is a fund of Rs 3,500 crore remaining. But since Mumbai Municipal Corporation has also undertaken many projects, thousands of crores are yet to be received from the authority. Also, the work of the extended coastal road from Dahisar to Bhayandar was to be undertaken by MMRDA. But this work has been put on the shoulders of the Municipal Corporation. Its expenses will be borne by the Municipal Corporation. Therefore, it is being received that only Rs 1,400 crore is yet to be paid to the Municipal Corporation’s written authority. (BMC)
