A memorandum of understanding (MoU) was inked with the Government of Maharashtra and with state planning bodies, the Mumbai Metropolitan Region Development Authority (MMRDA), the City and Industrial Development Corporation (CIDCO), and the Mumbai Rail Vikas Corporation (MRVC). The MoU has been inked for projects worth Rs 10,947 crore under the Mumbai Urban Transport Project Phase-3 (MUTP-3). These projects include construction of a suburban railway corridor between Panvel and Karjat (Rs 2,783 crore), new suburban corridor link between Airoli and Kalva (elevated) in the Central Railway zone (Rs 476 crore), quadrupling of Virar-Dahanu link in the Western Railway zone (Rs 3,578 crore).
Other projects that will get a boost with the signing of the MoU are procurement of 47 rakes of AC local trains for Rs 3,491 crore and a trespass control system for tracks (Rs 551 crore). The Indian Railways and the Maharashtra government will share the project cost. The Asian Infrastructure Investment Bank will be providing a loan of Rs 3,500 crore and an agreement will be signed for this in July 2020.