Nashik (Metro Rail News): By taking a step ahead Nashik Metro project proposal towards its approval as the detailed project report has been forwarded to the Union ministry of finance & ministry of railways for sanction.
Sources officials involved with the project stated that the Union ministry of housing and urban affairs (MoHUA) has transferred the project DPR to the ministries concerned. Metro-Neo project with Rs 2100 cr project, is the 1st of its kind in the country, on 2 elevated corridors rubber-tyred AC bus coaches would run with its 32 km long distance. There will be a total 30 stations between the corridor.
The sources said by adding that it would take time for the 2 ministries to undergo the project DPR Once they check the details of the project and permit it, the proposal will be located before the Union cabinet for the final nod.
Union and the state governments carried the project cost, and another part of the funding would be raised through borrowings. Maharashtra Metro Rail Co (MMRC) will be the implementing agency for the project. The state govt has permitted the project DPR before it was forwarded to MoHUA. There has been a venture in a few quarters over the fate of the project because of the outbreak of COVID-19 that has impacted the entire economy.