The city has plans to create a broad metro system. Much of its funding will be directed towards the creation of a monorail system.
"The Mumbai Metropolitan Regional Development Authority (MMRDA) budget for 2010-11 was approved on Tuesday. The planning agency has proposed an annual outlay of Rs 6,143 crore (last year's was Rs 6,653 crore). For international readers, this is approximately equal to USD $1.3 billion. Here are some highlights of the plan:
Public transport projects have been allocated the largest chunk of funds in the budget.
The largest amount (Rs 1,833 crore) was earmarked for the Mumbai Metro and monorail projects. The monorail project alone will use Rs 1,453 crore."