Mumbai: Mono rail is expected to suffer a Rs 529 crore loss in 2023-24 from around Rs 250 crore in 2022-23. The increase in loss is being attributed to the procurement of new rakes and the cost of building a travelator connecting Mahalaxmi and Jacob’s Circle. The Rs 64 crore travelator will have a length of 335 metres that will provide an interchange facility with the Metro 3 network and the Mahalaxmi station on Western Railway.
MMRDA has also placed orders for 10 rakes which will cumulatively cost Rs 590 crore. The rakes are needed as MMRDA at present has only eight, of which seven are in operation. The new rakes will help the agency run 250 trips a day against 118 now.
