MENTION THE MUMBAI LOCAL and the images that come to mind are of an urban rail transportation system that is efficient and functional, yet during peak hours can be packed to the hilt, hot, dirty, and dangerous. So, by the journey’s end, one often ends up feeling like a crushed vada pav. On the other hand, mention Vande Bharat and the Indian Railways’ flagship semi-high-speed passenger train conjures up images of comfort, cleanliness and a safe travel experience. Although the Mumbai local may be Mumbai local and Vande Bharat may be Vande Bharat, the two are set to meet in the not-too-distant future to create what is expected to be a sublime travel experience for Mumbai’s 22.9 million denizens.
On May 19, when the Railway Board approved the procurement of 238 Vande Bharat rakes to serve on the 158-year-old Mumbai suburban rail network, it caused a flutter. The locals are going to be completely overhauled under the Mumbai Urban Transport Project (MUTP). The rakes will be acquired under the MUTP-3 and MUTP-3A phases with budgets of `10,947 crore and `33,960 crore, respectively. This will be overseen by the Ministry of Railways and the Maharashtra government. Business Today learns that work on tendering is already underway. “Timelines will be drawn soon as the tender documents are ready,” inform officials of the executing agency, Mumbai Rail Vikas Corp. (MRVC).
This story is from the June 25, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 25, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Focus on the challenge of each customer"
SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company
PEDAL ON THE FUTURE
THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY
BREATHE EASY
Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference
The Taste of India in a Glass
FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN
LOOK BEFORE YOU LEAP
IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES
MISSING ADVISORS
INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE
TURNING A CORNER
SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE
REALITY CHECK
INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?
TRUMP'S TRADE TANGO
The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?
"The essence of the Trump administration will be transactional”
Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more
