NEW DELHI (Metro Rail News): In a major development for the city of Nashik, Public Investment Board under the Ministry of Finance, has recommended Metro Neo Project for Nashik after its appraisal. Previously, the project got a major boost in the Union Budget where the Centre has announced an outlay of INR 2092 Crores for this project.
Metro Neo is a Mass Rapid Transit System that aims to provide safe, comfortable, reliable and energy-efficient transportation to the people of Nashik. The project is a first of its kind in Maharashtra to be implemented by Maharashtra Metro Rail Corporation Ltd (Maha Metro).
The Detailed Project Report (DPR) for the Nashik Metro Neo is prepared by RITES Ltd. and after getting its approval from State Government, it was sent for approval of the Central Government. The total system length will be of 32 Km with 2 lines along with 24 km of feeder routes.
As per Durga Shanker Mishra, Secretary of Ministry of Housing and Urban Affairs,” It is an innovative & cost-effective mass transit system with Rubber tyred coaches operating on electric overhead traction & dedicated right of way suited for tier 2/3 cities”.
He also states that “MetroNeo will provide citizens/ visitors of Nashik an improved connectivity & travel experience at par with conventional metros i.e. comfort convenience, cost effective, punctual, safe & environment friendly”.
As the project is now recommended by the PIB, it is expected that it will get sanction from Central Government very soon.