MRVCseeking nod for private investment in Panvel and CST corridor project

Mumbai Rail Vikas Corporation (MRVC) has for the first time sent a proposal to the railway board, seeking its approval for private funding of an entire railway corridor between Panvel and CST.

The proposal also seeks the ministry's nod to allow the private investor to operate the approximately Rs10,000crore project after completion. The Panvel-Chhatrapati Shivaji Terminus fast corridor for air-conditioned suburban trains one of the most important suburban projects in the city as it is crucial to improve suburban connectivity with the second airport coming up near Panvel