Chief Minister Devendra Fadnavis-led Mumbai Metropolitan Region Development Authority (MMRDA), after giving up prime land parcel in Bandra-Kurla Complex (BKC) for the underground terminal of Mumbai-Ahmedabad bullet train, is set to demand around Rs 3,500 crore from the Central Government, according to MMRDA officials. A senior MMRDA official said, "We have decided to demand around Rs 1,240 crore for 0.9 hectares on ground area and around Rs 2,273 crore for 3.3 hectares underground area for bullet train terminal in BKC. This brings the total demand we will be seeking from the National High Speed Rail Corporation Limited (NHSRCL) to Rs 3,500 crore." Earlier, both the MMRDA and the state government were reluctant to give up land for the underground bullet train terminal, citing that an International Financial Service Centre (IFSC) building was to come up on the same plot. However, it was later decided that both the IFSC and the bullet train terminal be accommodated on the same plot.

Source: dna March 23, 2018 23:37 UTC