Sep 12 2017 | India Opportunities

Maharashtra to execute three metro projects on EPC basis

"MMRDA, the nodal agency for the three Metro projects in Mumbai worth Rs 50,000 crore, plans to raise funds through the domestic market and via bonds through the Life Insurance Corporation (LIC) of India. The Government of Maharashtra is not keen to take Central aid for the metro projects and wants to execute Metro projects on an EPC (engineering, procurement, and construction) model.

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