Insta
UP Government Releases Rs 200 Crore For Kanpur, Agra Metros; European Investment Bank Likely To Provide Further Funding
LMRC train (representative image) (Photo by Deepak Gupta/Hindustan Times via Getty Images)
The Yogi Adityanath-led Uttar Pradesh government has released Rs 200 crore fund to the Lucknow Metro Rail Corporation (LMRC) for commencing metro construction work in Agra and Kanpur.
LMRC Managing Director Kumar Keshav informed that the state government has released Rs 100-100 crore each for the Kanpur and Agra Metro Rail project. He added that another Rs 75 crore would be released before March 2020. Besides, the Centre will also contribute the equal amount of fund soon, reports Urban Transport News.
According to the report, another official from LMRC said that construction of pillars for laying the metro track near the Indian Institute of Technology (IIT-K) will start from 2 October.
On Monday (31 September), a high level delegation from UP, led by state government’s minister Sidharth Nath Singh and comprising of MD of LMRC among others, met with vice chairman of NITI Aayog Rajiv Kumar regarding the two projects.
During the meeting, Kumar assured the delegation that the NITI Aayog would expedite the process of funding for metro rail projects for Agra and Kanpur.
“The vice chairman of Niti Aayog assured us that clearance for the projects funding would be done soon and the same would be sent to the department of economic affairs,” Singh said after his meeting with Niti Aayog, reports Hindustan Times.
“The European Union Investment Bank (EIB) is keen to fund the two projects,” Singh added.
Earlier in 2016, an EIB team had visited Kanpur and said that it is ready to offer help for the project.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
