be R19. In comparison, Osaka Monorail's fares range from $2 (R124) to $4.50 (R 279).
The Mumbai Monorail project is being constructed on a cash contract basis by the Mumbai Metropolitan Region Development Authority (MMRDA), the owner and operator of the project. A consortium of India's engineering major Larsen & Toubro Ltd and Malaysian firm Scomi Engineering are executing the project.
To begin with, monorail will have four coaches, having a combined carrying capacity of 2,300 passengers, running every 15 minutes. However, as traffic figures grow, the frequency of trains will be increased and the number of coaches will also increase to 10.
"For now, the monorail will run at 15 minutes interval, which will be reduced to seven to eight minutes and eventually we aim to provide a service at every four minutes," UPS Madan, metropolitan commissioner, MMRDA, said.