Fluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 Promotion
APL APOLLO Steel Pipes - Powering the Future of Indian Railways
32.1 C
Delhi
Thursday, July 18, 2024
Fluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 Promotion
APL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian Railways

Patna Metro | Patna metro rail project sent to Centre for its clearance

Date:

Share post:

Patna: The process of implementing Patna metro rail project has taken off with an estimated total cost of Rs 16960 crore, the 16.9 km stretch of Patna metro project would be made jointly by the various financial institutions including Asian Development Bank, Japan International Cooperation Agency (JICA) and Central government assistance.

Bihar government will invest 6544 crore, take equity loan of Rs 7812 crore from JICA/ADB, and rest amount from Centre, a special purpose vehicle (SPV) corporation to be formed after getting clearance from Centre.

The principal secretary urban development and housing department Amrit Lal Meena told on Monday the proposal to this effect has already been sent to the Centre for its approval. “Once it gets approved we will have to raise equity loan from various financial institutions”, Meena told Media.

Last month The Nitish Kumar government approved the Metro Rail Project in Patna. A budget of Rs 16,960 crore (including all taxes) has been allocated for the project which will see Metro services resuming in the city from 2021. The metro network will have 14 stations initially and will run from Saguna More to Patna Junction.

The Bihar government started working on the project from 2011, and an initial draft was prepared in 2013. The state government had then asked Rail India Technical and Economic Service (RITES) to prepare a feasibility report.

According to the plan, the Metro services in Patna will be rolled out in three phases. In the first phase work will be completed in the east-west and north-south corridors. The metro will run on two routes under the PPP (Public Private Partnership) mode.

Narendra Shah
Narendra Shahhttps://www.metrorailnews.in
Founder and Managing Editor at Metro Rail News - A Symbroj Media Pvt Ltd. Playing Key role in editorial activities & operation.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

spot_img

Related articles

CM Nitish Kumar Conducts inspection of Patna-Bihar Museums’ Tunnel

Patna (Metro Rail News): Shri Nitish Kumar, Chief Minister of Bihar conducted a comprehensive inspection of the 1.5...

Rajkot Gears Up for a Metro Revolution

Introduction Nestled in the heart of the Saurashtra peninsula, Gujarat, lies Rajkot, a city that resonates with the echoes...

Chennai MRTS: The Road Ahead – Expansion, Integration, and a Brighter Future

Introduction  Straddling the Coromandel Coast of the Bay of Bengal, Chennai, the capital of Tamil Nadu is a city...

SYSTRA Secures DDC Contract of Bhubaneswar Metro Project

Bhubaneswar (Metro Rail News): Delhi Metro Rail Corporation (DMRC) declared SYSTRA MVA Consulting (India) as the preferred bidder...