According to state finance minister Sudhir Mungantiwar the budget entails the Metro 3 project, raising expectations that the civil work on the project will begin soon.
“In the 2016-17 budget, the state has proposed an outlay of Rs 90.47 crore for this project which is expected to be completed by 2019,” he said.
The Metro 3 project , which will link Nariman Point to the international airport and Girgaon in the island city to Goregaon in the western suburbs.
Chief minister Devendra Fadnavis said while the project will be completed by 2020, its first part will be completed by 2019. “The project has been evaluated and recommended by the Japan International Cooperation Agency, which has also agreed to give a loan at a very low rate of interest for the next 40 years. The work order will be issued in the next two months,” the CM stated.