Date of Post : 12 July, 2017
Lucknow: UP government allocating Rs 288 crore (approx US$ 44.31 Million) for Metro rail projects in the state. Lucknow Metro is ready for commercial run any time in July — has received a lion’s share of Rs 233 crore (approx US$ 35.85 Million).
This is the last instalment for Lucknow Metro the from state government’s coffer under equity, sources said.
It has already paid over Rs 1,000 crore (approx US$ 153.85 Million) to the project in the past 2 years.
The remaining allocation of Rs 55 crore (approx US$ 8.46 Million) will go to 5 other metro-rail projects in UP —
These Metro Rail Projects are in advanced stage of planning
- While DPRs (Detailed Project Reports) are already complete and sent to the government for approval for Kanpur & Varanasi metro, corridors in Allahabad & Gorakhpur have recently been finalised.
- This Year, the Centre has released about Rs 446 crore (approx US$ 68.62 Million) and state had to give Rs 233 crore (approx US$ 35.85 Million).
- The allocation would help complete the project timely by March 2019, Lucknow Metro officials said.
- “Since all tenders on North-South corridor have been issued, the fund will help in making faster payments to our contractors — be it coaches, signalling, underground section or second elevated stretch from KD Singh Babu Stadium to Munshipulia.”