France Not Permitted to Ban Blood Donations from Gay Men
France Not Permitted to Ban Blood Donations from Gay Men
Judge Orders That Lottery Winnings Must be Split Between Boss and Employee
Judge Orders That Lottery Winnings Must be Split Between Boss and Empl...
S. Chelvan Named Legal Aid Lawyer of the Year
S. Chelvan Named Legal Aid Lawyer of the Year
India Supreme Court Issues Ruling on Shariah Court
India Supreme Court Issues Ruling on Shariah Court
Job Listings

Mumbai’s Metro Train Moves Along

Mumbai is the gateway of India and the financial and commercial capital of India – a powerhouse of a metro city. Mumbai also sits as the financial and commercial capital of India. It is the sixth largest city in the world after Tokyo, New York, Seoul, Mexico City and Sau Paulo and also is the largest city in India. Mumbai contributes about 33% of the country’s income tax, 60% of customs duty and 40% of the foreign trade.

The city however, is facing severe problems regarding air and water pollution, unsatisfactory solid waste and sewage management, exploitation of wetlands, high traffic volume, insufficient housing, poor infrastructure and severe economic disparity. After repeated delays, by the end of March, Bloomberg reports that Mumbai’s first metro train will start carrying passengers. The 12-kilometer (7.5-mile) line was built by a group led by billionaire Anil Ambani’s Reliance Infrastructure Ltd. The Mumbai Metro is India’s first public private partnership metro project in which all the three phases, the construction, operation and maintenance, were all given to a private player.

On May 1st 2013, a successful 2 km trial run from Versova to Azad Nagar stations was conducted on Line 1 in the presence of Maharashtra Chief Minister Prithviraj Chavan, who stated that the line would open to the public from September 2013. However, MMRDA officials told Business Standard in August 2013 that the metro would be delayed further as it had not received approval from the Central Railway Safety Commissioner, and also did not complete various amenities, including lifts, staircases, canteen and seating arrangement for commuters.

D.K. Joshi, an economist at Crisil Ltd., said “In some ways, the pace of infrastructure development is synonymous with the slow economic growth,” Mumbai-based Joshi also reported that, “Considering the importance of the city as a financial center, a smooth transport system is a necessity and not a luxury.”



Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


According to Commissioner Urvinder Pal Singh Madan, the Mumbai Metropolitan Region Development Authority plans to spend 300 billion rupees ($4.8 billion) on transportation in the next five years, a 50 percent increase in allocation from the previous half-decade.

Image Credit: www.archive.indianexpress.com

Did you like this? Share it:
Mumbai's Metro Train Moves Along by

Tagged: , ,

Jaan Posted by on February 18, 2014. Filed under Home,World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Full-Time Certified Paralegal
USA-FL-Fort Lauderdale

Please read carefully - Nationwide law firm is seeking a full-time paralegal to work in our Fort Lauderdale office. QUALIFICATIONS: * Valid Paralegal Certification; Florida State Bar or NALA;...