EIB nods Rs 3,860 cr loan for Agra metro rail project

29 Dec 2021 CW Team

Agra Metro Rail Project has obtained a loan of Rs 3,860 crore (about 450 million Euros) from the European Investment Bank for developing and executing Phase-1 of the Metro Rail Project on December 15, 2021.

The phase 1 project includes two corridors. The purpose of Agra’s new metro is to make the city safer, business-friendly, greener, user-friendly, etc. Additionally, the project will add to attaining the vital targets of the Climate Action and Environment Facility, for example, social and economic infrastructure development and climate change mitigation.

The total length of Corridor 1 is 14.25 km, in which 6.569 km is elevated, and 7.681 km is underground. There are 14 stations in Line 1. The name of the stations is Shastri Nagar, ISBT, Sikandra, Guru ka Taal, Raja ki Mandi, Fatehabad Road, RBS College, St. John’s, Jama Masjid, Medical College, Agra Fort, Taj Mahal, Basai and Taj East Gate.

The total length of Corridor 2 is 15.40 km, and all 15 stations are elevated. They are Sadar Bazar, Sultanpur, Agra Cantt., Collectorate, Pratap Pura, St. John’s, Subhash Park, Sanjay Place, Hariparvat Chauraha, MG Road, Kamla Nagar, Sultanganj Crossing, Mandi Samiti, Rambagh, Foundry Nagar, Kalindi Vihar, among others.

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