Amid the state’s efforts to wrest complete control of the operations of the city’s first Metro corridor between Ghatkopar and Versova and the operator’s attempt to get rid of its holding citing massive losses, the matter is stuck in limbo over the project’s valuation. While the line came up eight years ago, Mumbai got two more Metro lines-2A and 7-only a month ago. 

Of the several Metro projects coming up in the Mumbai Metropolitan Region (MMR), the Versova-Andheri-Ghatkopar line is the only such mass-transit system to be executed through a Public-Private Partnership (PPP) model by roping in the Anil Ambani-promoted Reliance Infrastructure. The company wants to offload its stake claiming that it has been making losses of Rs 90 lakh a day, pre-COVID.