Guwahati: Assam CM Tarun Gogoi will lay the foundation stone of much awaited metro rail project in Guwahati today. Assam government approved the formation of Special Purpose Vehicle namely Guwahati Metro Rail Corporation Limited for implementing the project.
The 203 kilometre Metro Corridor to be completed in three phases forecasts traffic demand up to the year 2045. Detailed Project Report for Phase-I has been prepared for a total length 61.4 kilometres. There will be four corridors and total of 54 stations in Phase-1.
The total cost of the project will be over 18 thousand crore rupees. The project will be completed in five years. The Centre and the Assam government will bear 40 percent of total cost while nearly 58 per cent of cost will be funded through soft loans. Local bodies will contribute 2 percent towards project completion cost.