The metro service comes four months after the city got the country's first monorail between suburban Chembur and Wadala on February 1 this year.
Reliance Infra is planning to study traffic pattern for a month and then revise the fare. "The fare structures we have come up with are based on provisions of Central Metro Act, which has superseded the concession agreement. But, we will study traffic pattern, customer preference for 30 days and then take a call on fares," added Jalan.
When asked why Reliance Infra did not wait for a few days to resolve the fare issue before announcing opening of the Metro line, Reliance Infra chief executive officer Lalit Jalan said: "The issue has been pending for a year. I don't think it would have been resolved in two-three days."
Chavan said this project was conceptualised in 2006.
"It had faced several challenges during execution mainly because it is an elevated corridor. But, finally we have started the first Versova-Andheri-Ghatkopar corridor," he said.
"This project is important for a populated city like Mumbai. It definitely has taken time. The government has been insisting on all safety measures should be met and that there is no compromise on safety of passengers," he said after the launch.
"The launch of monorail, now metro and other transport projects now shows we have really entered the 21st century," Chavan said.
This is the country's first metro BOOT project. Earlier, when the bids were invited it was under the Indian Tramways Act. But, later the Central government introduced the Metro Act and this project will henceforth be governed under that Act, the chief minister said.
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