The Mumbai Metropolitan Region Development Authority (MMRDA) held its 149th meeting on Tuesday in which many important decisions were taken. One of the important decision was the approval for developing a funicular railway on public-private partnership (PPP) basis at Matheran.

State Urban Development Minister and MMRDA chairman, Eknath Shinde, chaired the meeting through video conferencing. Metropolitan Commissioner RA Rajeev made the opening remarks and conducted the initial presentation. "A revised administrative approval was granted for increasing the height of Bharat Ratna Dr. Babasaheb Ambedkar's statue at his memorial to be built at Indu Mill in Dadar," read the press release issued by MMRDA.