Mumbai Metro phase 3 to be launched on Aug 26.

Mumbaikars, who are commuting on Versova-Andheri-Ghatkopar metro line I, can expect the commissioning of one more metro line in next five years.

Foundation stone for the 32.5 km underground Colaba-Bandra-SEEPZ Metro line 3 will be laid on August 26 in the presence of Maharashtra chief minister Prithviraj Chavan, union minister of urban development M Venkaiah Naidu.

This will be the second metro line after Nagpur metro project to be launched within a week. The Metro line 3 project envisages an Rs. 23,136 crore.

A Budget allocation of Rs. 875.83 crore has been made in BE 2014-15 of union ministry of urban development for this project. This project is expected to be completed by December 2019.

BS