Nagpur Metro Update: KFW Team Inspects Ongoing Work of Nagpur Metro Rail Project; Expresses Satisfaction Over Work Done So Far

Nagpur Metro Update: KFW Team Inspects Ongoing Work of Nagpur Metro Rail Project; Expresses Satisfaction Over Work Done So Far

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Nagpur: A team of official from KFW, Germany on Monday arrived in City to inspect the ongoing work of Metro Rail project in the Nagpur. During the inspection, the 6-member team traveled in a metro train between Airport South and Khapri stations. The team expressed satisfaction over the ongoing work of the Metro project.

More Information:

  • It may be mentioned that the work on Nagpur Metro started 34 months back and is likely to be completed soon.
  • The KFW will be funding Rs 4,500 crores for the Nagpur Metro project at different phases of its development.
  • The bank has so far given 15 to 20 percent of the amount.
  • In the first phase, works for the project is being done from Sitabuldi to Hingna, Khapri, Pardi and Automotive Square, which will likely to cost around Rs 8,600 crores.
  • KFW has released funds for completion of the first phase of work.
  • The team has expressed satisfaction over the work done so far and assured to provide loan for remaining work.
  • The Central government has signed an agreement with the KFW for the construction of Nagpur Metro.
  • Nagpur Metro rail is the first metro rail project in the country to have been funded through ODA procedure.

Author:

Narinder Sharma is a part of the content team of Rail Analysis India as a writer and marketing executive.
His interest is in the Railways , Metro and Transportation Sector of India .
Please reach us at editor@railanalysis.com for more information .


 

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