Even the reported lion's share of 411 Cr Rs is insufficient for MUTPIII !!
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Implementation record of MUTP had been very poor and many a times angry World Bank have threatened to suspend the loan for MUTP. Always a completion period of 5 years is targeted and actual implementation take double time leading to cost escalation and extreme hardships to commuters.
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MUTP I-4500 Crore-Rail component 3500Cr-Started- Completed 2002-2012(Some of the components were left out Conversion from ac to DC of CR, 12 coach rakes in harbor line)
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MUTP II-5300 Crores-WB1910+IR1695+Maha1695-Revised cost 7007 Crore Started in jun 2010 and mid way And still likely to take a few more years for completion. Actual completion cost is likely to be 9000-10000 crores.
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MUTP III-11000 Crores-WB+AsiaIUnfrastructureInvestment Bank+IR+MahaGovt- Approved on 30.11.16 with completion period of 5 years! And allocation for 2017-18 being 411 (total 900 crores including loan component?). At this rate the completion if 5 years appear very improbable and accordingly there will be cost escalation too!