Lucknow Metro | LMRC Board approves Rs.3502 crore loan from European Investment Bank

Agra Metro Rail Project has got a loan of Rs.3860 crore (approx. 450 million Euros) from the European Investment Bank for constructing and implementing Phase-1 of the Metro Rail Project on December 15, 2021.
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Lucknow: The 3rd Annual General Meeting of the Lucknow Metro Rail Corporation Limited (LMRC) was held today under the Chairmanship of Shri Durga Shanker Mishra, Additional Secretary, MoUD, Govt of India at Administrative office of the Company. It was attended by Shri Mukesh Mittal Finance Secretary, Shri Bhuvanesh Kumar, Commissioner, Lucknow, GoUP, Shri Kumar Keshav, Managing Director, along with functional Directors of LMRC, Statutory auditor of the Company with various shareholders of the Company and other senior officials of Lucknow Metro Rail Corporation.

In Meeting, Chairman appreciated about the progress of the Lucknow Metro Rail Project in short span of time and advised to plan for feeder bus services to the various Metro Stations.

In AGM Shareholders adopted Annual report for FY 2015-16 and Fixation of Remuneration of Statutory Auditor of the Company for FY 2016-17.

In Meeting Shareholders also approved the proposal for revision of Memorandum of Association (MoA) & Articles of Association (AoA) of the Company in line with the approval of the GOI to the Lucknow Metro Rail Project vide MoUD, GoI letter dated 25th January 2016 and external funding for Lucknow Metro Phase-1A project in form of loan of Rs. 3,502/- Crores from European Investment Bank (EIB).

Shri Durga Shanker Mishra, Additional Secretary, Ministry of Urban Development (MoUD), Government of India, today also visited the Lucknow Metro’s project site along with Transport Nagar Depot to review the work of Lucknow Metro project. He was accompanied by Shri Kumar Keshav, Managing Director, LMRC, Directors and other senior officers of Lucknow Metro Rail Corporation.

The Additional Secretary visited the Transport Nagar Metro Depot where he saw Workshop cum Inspection Bay Lines, Depot Control Centre (DCC) and the LMRC’s Training Centre (Centre for Excellence for Training) and was briefed about the various activities being done there. He also inspected the Metro train and appreciated aesthetic design of the train. He was also briefed about the technical facilities of the train. He also visited the Receiving Sub-Station (RSS) in the depot and appreciated the 132 KV Gas insulated Sub Station installed there.

Later, he visited at Sachivalaya underground metro corridor and was briefed about the tunnelling work through the Tunnel Boring Machine (TBM) for the 3.5 km underground stretch connecting the Hazratganj, Sachivaalaya and Hussainganj Metro Stations. He expressed his happiness over the Metro project and congratulated Managing Director for the successful commissioning of the trial run of Lucknow Metro Train.

Source//LMRC Press Release.

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