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Jayant Mundhra
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Dexter Capital Advisors • 21d
Mumbai is finally getting the Metro 3 line after a 60% cost overrun. That single sentence is the REAL story 🙏 While everyone celebrates the shiny new stations and air-conditioned coaches, the massive cost bloat is the part we should actually be talking about. Now, don't get me wrong. This is a huge infra victory for the city. The 33.5 km line is a critical lifeline, connecting the airport to major hubs like Bandra Kurla Complex, Mahalaxmi, CSMT, Vidhan Bhavan. It's a world-class system that Mumbai should have had 25 years ago. The launch itself is absolutely good news. But that 60% figure is WILD. The project's initial approved budget was Rs 23.2k crores. The final bill is nearly Rs 37k crores. This isn't an abstract number on a Govt spreadsheet. It is a direct, permanent tax on you, the common person. This cost is ALWAYS passed down. A trip that should have cost Rs 12 will now cost Rs 20. And, this isn't an isolated incident. It’s a symptom of a deep national malaise. This is the crushing, invisible cost of building anything in India. If a high-profile Govt project suffers from such catastrophic delays and inflation, what hope does any private business have? They are forced to navigate a broken system where nothing moves, and that “hidden cost” to make things move gets baked into every product and service we use. Here is the most damning perspective of all. It took 15 yrs to get this 33.5 kms line running, from initial approval to launch. Let that sink in. Our potential is not the problem. The system is. We must demand better. This isn't about being negative - it's about wanting our country to be as efficient as it is ambitious. We need to start having these conversations. No?
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