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The Times of India

National

Manthank Mehta | TNN

Railway board releases Rs 600 crore for Mumbai Railway Vikas Corporation to fast-track projects

Mumbai BKC MMRDA NHSRCL

MUMBAI: The railway board has released Rs 600 crore to Mumbai Railway Vikas Corporation (MRVC), which was facing a funds crunch to execute various infrastructure projects after the erstwhile Maha Vikas Aghadi government failed to contribute its share.

MRVC is a 50:50 joint venture between the railway ministry and the state government. From 2020, Mumbai Metropolitan Region Development Authority (MMRDA) had failed to pay its share in the venture.

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