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Navi Mumbai Metro (Line One) achieves financial closure

Thursday, 01 Dec 2022
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CIDOC has signed an agreement with ICICI Bank for a Rs 500 crore line of credit for the upcoming Navi Mumbai Metro Line-1 project.

The metrol line-1 is expected to cost Rs 3,400 crore. Of which CIDCO has already infused Rs 2,600 crore.The balance amount will be met through Bank loans and internal accruals. The 11.1 km Belapur to Pendhar metro line will have 11 stations.

Commenting on the progress of the project, CIDCO officials informed that the viaduct is completed and five of the total 11 stations are ready to be commissioned.

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