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India: Mumbai monorail gets $193 million insurance coverage

February 7, 2014 - 6:00am

The Mumbai monorail has secured about 12 billion Indian rupees ($192.8 million) of insurance coverage from New India Assurance Co. Ltd., The Indian Express reported.

However, it has yet to obtain a terrorism cover. Sources revealed that the Mumbai Metropolitan Region Development Authority is calling for bids from insurers for terrorism insurance.

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