The World Bank today approved 430 million dollars to finance the Mumbai Urban Transport Project. The Bank also approved 350 million dollars to finance the Dam Rehabilitation and Improvement Project which aims to improve the safety and sustainable performance of over 220 selected dams in India.<br/><br/>The project aims to add more vehicle capacity during peak hours, improve operational efficiency and strengthen institutional capacity. As many as 720 train cars will be added in the system. The project will also expand maintenance facilities, provide additional stabling lines, and complete the conversion from 1500V DC to 25KV AC traction of the remaining sections of Central Railway in the Mumbai Metropolitan Region.