Lok Sabha Question No. 1581 (UNSTARRED), answered on 2018-12-19
Subject: Mumbai Rail Vikas Corporation
Ministry: RAILWAYS
Asked by: SHRIKANT EKNATH SHINDE, VINAYAK BHAURAO RAUT, PRITAM GOPINATH MUNDE, ANANDRAO  ADSUL, DHARMENDRA YADAV

## GOVERNMENT OF INDIA MINISTRY OF RAILWAYS

## LOK SABHA UNSTARRED QUESTION NO.1581 TO BE ANSWERED ON 19.12.2018

## MUMBAI RAIL VIKAS CORPORATION

## 1581.         DR. SHRIKANT EKNATH SHINDE :

SHRI VINAYAK BHAURAO RAUT :

DR. PRITAM GOPINATH MUNDE :

SHRI ANANDRAO ADSUL :

SHRI DHARMENDRA YADAV :

Will the Minister of RAILWAYS  be pleased to state:

- (a) whether Mumbai Railway Vikas Corporation (MRVC) has sought a loan of  Rs.2800 crore for railway works under the Mumbai Urban Transport Project (MUTP) and if so, the details thereof;
- (b)  whether the railway works under the MUTP-III are in progress and if so, the details thereof and their present status;
- (c)  whether the Railways has identified the work to be undertaken through the proposed loan and if so, the details thereof;
- (d)  whether the Government is likely to approach the Asian Development Bank, established by the BRICS countries for the above loan and if so, the details thereof; and
- (e)  whether Railway Finance Corporation has a better ranking in the loan market and if so, the reasons for taking loan from foreign institutions?

## ANSWER

MINISTER OF STATE IN THE MINISTRY OF RAILWAYS

(SHRI RAJEN GOHAIN)

- (a) to (e):  A Statement is laid on the Table of the House.

*****

STATEMENT  REFERRED  TO  IN  REPLY  TO  PARTS  (a)  TO  (e)  OF  UNSTARRED QUESTION    NO.1581    BY  DR.  SHRIKANT  EKNATH  SHINDE,    SHRI  VINAYAK BHAURAO RAUT,  DR. PRITAM GOPINATH MUNDE,  SHRI ANANDRAO ADSUL AND SHRI  DHARMENDRA  YADAV    TO  BE  ANSWERED  IN  LOK  SABHA  ON  19.12.2018 REGARDING  MUMBAI RAIL VIKAS CORPORATION

(a) to (c):  The Government of India (CCEA) has sanctioned MUTP-III project at a cost  of    ₹  10947  crore.  The  details  of  works,  their  status  and  loan  component involved are as under :-

(b)

| S   | Name of the work                                                                       | Completion cost (₹ in crs.)   | Completion cost (₹ in crs.)   | Completion cost (₹ in crs.)   | Completion cost (₹ in crs.)   | Status of work as on 12.12.2018                                                                                                                                                                                                                                                       |
|-----|----------------------------------------------------------------------------------------|-------------------------------|-------------------------------|-------------------------------|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| N   |                                                                                        | Loan                          | MoR #                         | GoM #                         | Total                         |                                                                                                                                                                                                                                                                                       |
| 1   | New Suburban corridor between Panvel -Karjat on Central Railway (double line) (28 Kms) | 1280                          | 320                           | 1182                          | 2782                          |  Land acquisition is under process.  Joint Measurement of all 24 villages completed.  Design approval is under process.                                                                                                                                                            |
| 2   | New Suburban corridor link between Airoli- Kalwa (elevated) on Central Railway (4 Km)  | 357                           | 59.5                          | 59.5                          | 476*                          |  Joint measurement for Dighe & Kalwa villages for land acquisition, has been done.  Tender for Dighe Station awarded and works have been taken up.  Resettlement & Rehabilitation (R&R) report submitted to MMRDA in Sept 18 for rehabilitation of Project Affected Persons(PAPs). |
| 3   | Quadrupling of the Virar- Dahanu Road on Western Railway(31.5 Km)                      | 2684                          | 447.5                         | 447.5                         | 3578                          |  Land acquisition is under process.  Joint Measurement completed for 27 villages out of 31 villages.                                                                                                                                                                                |
| 4   | Procurement of Rolling Stock (565 coaches)                                             | 1326                          | 1082                          | 1082                          | 3491                          | ICF, Chennai cancelled the tender and fresh tender process will be taken up.                                                                                                                                                                                                          |

| 5   | Trespass Control on mid- section on Central &   |   413 |   69 | 69   | 551   | Tenders for FOB, etc. awarded and work has been taken up.                                                |
|-----|-------------------------------------------------|-------|------|------|-------|----------------------------------------------------------------------------------------------------------|
| 6   | Technical Assistance                            |    69 |    0 | 0 69 |       | Nine number of different technical studies at a total cost of Rs.19.38 crore have since been sanctioned. |
|     | Total                                           |  6129 | 1978 | 2840 | 10947 |                                                                                                          |

# MoR -- Ministry of Railways, GoM - Government of Maharashtra

* Project will now be funded with equal Funding from MoR & GoM without availing Loan.  The Loan component  of  this        project  will  be  adjusted  against  the  loan  component  of  other  works  of MUTP-III.
- (d):    For  financing  the  loan  component  of  Mumbai  Urban  Transport  Project (MUTP-III), Ministry of Railways had approached Ministry of Finance for the same. Ministry of Finance was advised to pose the loan proposal to various Multilateral Development  Bank  i.e.  AIIB  (Asian  Infrastructure  Investment  Bank)  and  NDB (National  Development  Bank).  Indian  Railways  through  Mumbai  Railway  Vikas Corporation  (MRVC)  is  in  talks  with  these  Banks  to  raise  the  required  loan component for MUTP-III.
- (e): Indian Railway through Mumbai Railway Vikas Corporation (MRVC) is in talks with AIIB (Asian Infrastructure Investment Bank) and NDB (National Development Bank) to raise the required loan component for MUTP-III. This is in line with the funding pattern of previous Mumbai Urban Transport Projects which were financed through  World  Bank,  a  Multilateral  Development  Bank.  This  has  been  done  in consultation  with  Ministry  of  Finance.  Possibility  of  seeking  loan  from  Indian Railway Finance Corporation (IRFC) alongwith Multilateral Development Banks has been conveyed to Ministry of Finance. A decision in this matter will be taken after consultation with Ministry of Finance.

* * * * *