MUMBAI: Mumbai Metropolitan Region Development Authority (MMRDA) has appointed an internal study group (ISG) that will assist the organisation on a proposal extended by Reliance Infrastructure Ltd to sell its stake in Mumbai Metro One (Versova-Andheri-Ghatkopar) corridor.
Metro One is the only corridor that was executed on public private partnership (PPP). MMRDA has a 26% stake in the special purpose vehicle — Mumbai Metro One Private Limited (MMOPL), which runs the Metro I — while Anil Ambani-owned Rinfra holds 74%. Sources said the ISG, formed in April, includes former chief secretary Johny Joseph, additional chief secretary Bhushan Gagrani and executive director of Mumbai Metro Rail Corporation Ltd (MMRCL) R Ramana.
