Maharashtra has passed a Government Resolution declaring the formation of the Maharashtra Railway Infrastructure Development Company Limited (MRIDC), a joint partnership between the state government and the railway ministry.
MRIDC will work on railway projects in the state. Projects in Mumbai - most of them under the Mumbai Urban Transport Project (MUTP) - will be out of the purview of the newly-formed firm. Maharashtra has got Rs 4,767 crore for rail projects this year, a 206 per cent increase from the average of Rs 1,171.4 crore received by the state between 2009-14. The SPV or JV will streamline the construction of rail infrastructure in the state.