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Lucknow Metro gets Rs 250 Cr Assistance from Central Government

The Ministry of Urban Development has released another assistance of Rs 250 crore for the Lucknow Metro Rail project which is a joint venture of Government of India and Government of Uttar Pradesh. Earlier in 2016, the Ministry had released Rs 300 crore taking the total assistance given to the Lucknow Metro to Rs 550 crore.

The estimated cost of the 22.878 km long Lucknow Metro Rail is Rs 6928 crore of this, central government provides Rs. 1,003 crore as its share of equity, Rs.297 crore as Sub-ordinate Debt and Rs.3,500 crore as loan assistance. Uttar Pradesh has to mobilise the remaining Rs.2,128 crore as its share of equity and other means.

Central Government entered into a loan agreement with the European Investment Bank in March 2016 for providing a loan of Rs.3,500 crore to the Lucknow Metro Project.

To implement the Lucknow Metro Rail Project, a special purpose vehicle (SPV), Lucknow Metro Rail Corporation (LMRC) has been incorporated and it is jointly owned by GoI and GoUP.

Lucknow Metro Rail Project (Phase-I) consists two metro corridors, Corridor-1- North – South Corridor and Corridor-2 East – West Corridor. The North – South Corridor (CCS Airport to Munshi Pulia)  is 22.878 km long, will have 22 stations, which consist  3 underground stations (3.440 km)  and 19 Elevated stations (19.438 km).

The 11.098 Km long East-West Corridor (Lucknow Rly. Station to Vasantkunj) will have total 12 stations, 7 underground, and 5 Elevated stations.

North – South corridor starts at Amusai airport and ends at Munshipulia via Hazaratganj, Sachivalaya, IT Chouraha etc and East- West corridor starts at Charbagh Railway station and ends at Vasant kunj passing through City railway station, Balaganj, Musabagh etc.

The complete trial run of the first metro train on its elevated track (viaduct) conducted on 28 December 2016 by Lucknow Metro Rail Corporation. However, the metro train service on North – South Corridor is expected to start for people in March 2017.

The huge infrastructure development has been taking place in Uttar Pradesh, e.g Roads and highways, urban transport infrastructure, Power sector, urban housing etc. which would require an ample amount of new and used construction equipment and road building equipment in the state.

India is expected to invest hugely in urban transport infrastructure and urban housing due to rising population in urban India. The government is planning metro rail in 50 cities of the country.

Source: Information has been obtained from Ministry of Urban Development & LMRC

This post first appeared on Equipment One Stop, please read the originial post: here

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Lucknow Metro gets Rs 250 Cr Assistance from Central Government


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