PATNA (Metro Rail News): Union Minister for Housing and Urban Affairs (Independent Charge) Shri Hardeep Singh Puri assured Bihar Deputy Chief Minister Sushil Kumar Modi of providing Rs 5,400 crore loan for the Patna Metro Rail Project on Dec 2, 2019.
In a press release Bihar government said that earlier in the day, Sushil Modi met Puri and requested him to take up the issue of the loan with the Japan International Cooperation Agency (JICA) during a scheduled meeting with officials from that country later this month.
We will provide the all possible help for the Patna Metro Rail Project at a function held at uri, the Union Minister for Housing and Urban Affairs (Independent Charge), said the central government will provide all possible help for the Patna Metro Project.
Prime Minister Shri Narendra Modi had on February 17 laid the foundation stone for the Patna Metro Rail Project at a function held at Barauni in Begusarai district.
The Bihar Cabinet had in September approved the allotment of the metro project work to Delhi Metro Rail Corporation (DMRC).
Work on both corridors of the project is scheduled to be completed by September 2024.
According to the proposal moved by the urban development and housing department, the DMRC will be paid a consultation fee of Rs 482.9 crore. “Talks were going on with DMRC and the Mumbai Metro Rail Corporation Limited for the execution of the Patna project. But we were more inclined towards DMRC as it has a good track record in timely execution of metro projects.
Besides, their consultation fee was comparatively lower. Hence, it was decided to hand over the project to DMRC and a final nod was given by the state cabinet on Tuesday,” a senior UDHD official said.