India: Mumbai monorail gets $193 million insurance coverage

Posted On: Feb. 7, 2014 12:00 AM CST

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.