
Renuka Consultants has initiated geotechnical investigation work for the Thane Integral Ring Metro Rail Project, a 29-km corridor with 22 stations. Estimated to cost Rs. 12,200 crore, the project is slated for completion by 2029. This sustainable metro network aims to ease traffic congestion and provide efficient transport for Thane’s growing population.
Foundation Stone Laid:
Recently, Prime Minister Narendra Modi laid the foundation stone for this critical project, marking a significant milestone in the development of the Thane Integral Ring Metro Rail.
Background and Approval:
In August, the Indian Cabinet officially approved the Thane Integral Ring Metro Rail Project, which will run along the periphery of Thane’s western side. The network is bounded by the Ulhas River and Sanjay Gandhi National Park, strategically designed to enhance connectivity while preserving the city’s natural beauty. The metro aims to ease traffic congestion, boost economic potential, and reduce greenhouse gas emissions.
Project Cost and Funding:
- The total cost of the project is estimated at Rs. 12,200 crore, with equal contributions from the Government of India and the Government of Maharashtra.
- The project will also receive part-funding from bilateral agencies and employ innovative financing methods, including asset monetization and station naming rights.
- This 29-km corridor will connect major business hubs, providing a vital transport solution for employees and daily commuters.
Project Benefits and Completion Timeline:
Expected to be completed by 2029, the metro will serve as a faster, more economical transport option for Thane’s residents. Thousands of commuters, including students and office workers, will benefit from reduced travel time and a more sustainable transit system. The projected daily ridership is 6.47 lakh passengers in 2029, increasing to 8.72 lakh by 2045.
Conclusion:
The Thane Integral Ring Metro Rail Project is set to revolutionise urban transport in Thane by providing a sustainable, efficient, and economical alternative for daily commuters. With its completion by 2029, it promises to alleviate traffic congestion, enhance economic growth, and offer an eco-friendly transportation solution for the city’s future.
Source: Thane Metro | Images Credit: Thane Metro