Cabinet approves Bhopal metro-rail project; tenders for first civil work package issued

12 Oct 2018 CW Team

The Centre has cleared the execution of the Bhopal metro-rail project comprising two corridors of a total length of 27.87 km. The first one is from Karond Circle to AIIMS, with a length of 14.99 km and the second one is from Bhadbhada Square to Ratnagiri Tiraha of length 12.88 km. These two corridors will act as links to connect major public areas and clusters of Bhopal.

The Karond to AIIMS corridor will have 14 elevated and two underground stations. The second line from Bhadbhada Square to Ratnagiri Tiraha is reported to be elevated throughout, with 14 stations covering the entirety of the corridor.

The project is estimated to be developed at a cost of Rs 69.41 billion and is expected to be finished in four years. As reported, the tenders for the first civil work package have been floated and work is expected to begin soon. A special purpose vehicle namely the Madhya Pradesh Metro Rail Company (MPMRCL) will execute the project.

According to reports, the project will be funded partly by the Centre and the Madhya Pradesh Government on equal equity basis, and the rest will be funded through loan from the European Investment Bank.

DB Engineering & Consulting GmbH in consortium with Louis Berger SAS and Geodata Engineering SpA has reportedly been appointed as general consultant (GC) for the project.

The 2.3-million population of Bhopal is expected to take advantages of the metro. Some of the facilities that will be developed will include intermediate public transport and non-motorised transport, multi-modal integration with railway stations and BRTS stations, and feeder network of buses. Other amenities such as non-fare box revenue from rental and advertisement, value capture financing through transit oriented development and transfer of development rights will also be part of the infrastructure.As reported, residential areas along this corridor will also be beneficial from the project.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..