As a sequel to the Bombay Urban Transport Project (BUTP) which was completed in the year 1984 at a cost of about Rs. 390 million, the MMRDA has formulated a multi modal project viz Mumbai Urban Transport Project (MUTP) to bring about improvement in traffic and transportation situation in the MMR with the World Bank assistance. MUTP envisages investment in suburban railway projects, local bus transport, new roads, bridges, pedestrian subways and traffic management activities. Mumbai Rail Vikas Corporation (MRVC), a joint venture of Railways and Government of Maharashtra, is set up for implementation of rail projects under MUTP and other projects of Railways in the MMR.

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