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Kanpur, Agra district bodies to share Metro expenditure

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LUCKNOW (Metro Rail News): Kanpur and Agra district authorities will have to shell out Rs 350 crore and Rs 200 crore respectively for Metro projects in the two cities.

In a meeting chaired by principal secretary, housing and urban planning, Deepak Kumar it has been decided that the two cities will have to contribute a small percentage of the total expenditure since they “would be benefitting from Metro corridor”.

The estimated cost of the Kanpur Metro Rail project is Rs 16,975 crore of which the state government will provide Rs 1,332 crore, the city development authority will contribute Rs 100 crore while UPSIDC will pay Rs 50 crore in the first phase.

The first phase of the project will come upon a 23.78-km long stretch which will connect 22 key areas of the city. The estimated cost of the Agra Metro Rail project is Rs 12,901 crore of which Rs 1,009 crore will be provided by the state government and Rs 200 crore will have to be arranged by city authorities.

The state housing development board’s share is Rs 117 crore while the Agra Development Authority will contribute Rs 57 crore. UPSIDC will have to pay Rs 26 crore. Earlier this month, the government had transferred Rs 100 crore to each of the cities from the initial budgetary provision of Rs 175 crore for each of the projects.

Work on the alignment of the Kanpur metro has already begun and an official said that they were targeting to start work by October. “We have already identified land and procedure for its transfer to Kanpur Development Authority has already started,” he said.

The detailed project report of the Agra Metro has already been approved by the Centre and directions have been issued to expedite work. Land survey for the Rs 8,415-crore project has also commenced. Officials said soon the government would initiate the process for the borrowing of funds for both the projects.

Kanika Verma
Kanika Vermahttps://www.metrorailnews.in
Kanika Verma is working with Metro Rail News as Associate Editor and She has done Bachelor in Journalism & Mass Communication (BJMC) from Fairfield Institute of Management & Technology affiliated to Guru Govind Singh Indraprastha University, New Delhi.

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