Sensex 28442.1 -223.94 -0.78%
Nifty 8606 -100.7 -1.16%
India’s first Mono Rail, once commissioned, is set to earn yet another moniker. The 19.54 km Chembur-Wadala-Jacob Circle Mono Rail corridor will be World’s second longest Mono Rail corridor – the longest being Japan’s Osaka Mono Rail corridor which is 23.8 km. While there are 19 stations on the Osaka Mono Rail corridor, the Mumbai Mono Rail corridor will boast of 18 stations.
The Mono Rail World Map, as of today, marks Osaka Mono Rail corridor (23.8. km) as the longest in world, followed by Tokyo Mono Rail (16.9 km), Tama Mono Rail (16 km) and Star LRT in Kuala Lumpur (8.6 km). However, once the 19.54 km Chembur-Wadala-Jacob Circle Mono Rail corridor is commissioned, it will be positioned as the World’s second longest Mono Rail corridor.
The Osaka Mono Rail is the world's largest operational monorail line. It opened in 1990 as a 6.6 km track between Osaka Itami Airport and Senri and has now been extended to Kadoma for a total of 23.8 km of track, including a 2.6 km spur between the Expo Commemoration Park and Osaka University Hospital.
While certainly impressive, the infrastructure and operating costs of Osaka Mono Rail system runs approximately into a whopping US$ 120 million (Rupees 540 crores approximately) per kilometer to construct. Further, in order to partially cover costs, the system has to charge fares of between US$ 2 and US$ 4.50 (Rupees 90 to 200 approximately).
This number game turns interesting and significant too, when one considers that Osaka Mono Rail was constructed and put into to operations after an expenditure of Rupees 12,690 crores. The Mumbai Mono Rail will be constructed and put into operations at a cost of approximately Rupees 3,000 crores.
Also, it is pertinent to note that the fare structure for the Mumbai Mono Rail is much reasonable as compared to that of Osaka Mono Rail. The Mumbai Mono Rail fare ranges between Rupees 8 and 20 only.
As far as the ridership of Mono Rails world over is concerned, the Mumbai Mono Rail is expected to score over many ridership results. The longest Osaka Mono Rail corridor ridership is clocked at just over one lakh daily boarding and the Mumbai Mono Rail is expected to carry, at least, a dozen thousand boarding more than one lakh daily.
The 18 stations on the Chembur-Wadala-Jacob Circle Mono Rail corridor –
Jacob Circle, Chinchapokali, Curry Road, Mint Vasahat, Ambedkar Nagar, Naigaon, Dadar-E, Wadala Bridge, Acharya Atre Nagar, Antop Hill, Guru Teg Bahaddur Nagar, Wadala Depot, Bhakti Park, Mysore Vasahat, Bharat Petroleum, Fertilizer Vasahat, V.N.Purav Marg and R.C.Marg junction, Chembur Railway station.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.