Metro construction will pick up pace in the country with the Union finance ministry recently giving “in-principle” approval to five proposed metro projects in Indore, Bhopal, Kanpur, Agra, and Delhi, with an estimated cost of Rs 1.07 lakh crore, senior central and state government officials familiar with the matter said.
Besides the five metro projects, the Rs 32,000 crore Delhi-Meerut corridor of the proposed Rapid Rail Transit System also got the in-principle nod from the finance ministry. The “in-principle” approval is just the first step in a series of approvals that will follow before the projects finally take off the ground.
“These projects will now go to the finance ministry’s Public Investment Board (PIB) for approval. After PIB clearance, the projects will go to the Union cabinet,” one of the officials cited above said.
In Delhi, three corridors of phase four of the metro, running into 61.66km with an estimated cost of Rs 29,000 crore, have been approved, another official of the Union housing and urban affairs ministry said. Read More
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