+
PIB approves Rs 560 bn Metro Rail Projects across India
RAILWAYS & METRO RAIL

PIB approves Rs 560 bn Metro Rail Projects across India

The Public Investment Board (PIB) has granted approval for metro rail ventures in Agra, Kanpur, Ahmedabad, and Patna. Additionally, it has given the green light to the Delhi-Ghaziabad-Meerut Rapid Rail Transit corridor. The Central Government intends to kickstart the development of these proposed projects, totalling Rs 560 billion, ahead of the upcoming Lok Sabha elections.

Officials have confirmed that the financial implications of the proposed metro rail projects have received approval. The detailed reports have been submitted to the Central Government for the final nod.

The Kanpur metro project is designed to encompass key areas such as IIT, Rawatpur, Bada Chauraha, Motimahal, Kanpur Central, ISBT Jhakarkatti, and Naubasta. The Agra Metro project is estimated to cost Rs 82.62 billion, while the Ahmedabad Metro Phase II project is budgeted at Rs 75 billion. The government is poised to finalise approvals for five metro rail projects nationwide?two in Uttar Pradesh, one each in Gujarat and Bihar, and the initial phase of the Rapid Rail Transit System (RRTS) in the National Capital Region?before the enforcement of the poll code of conduct.

Additionally, the government aims to lay the foundation stone for metro projects requiring an investment of approximately Rs 560 billion.

A significant hurdle in the RRTS project is the Delhi government's reluctance to contribute its share, citing a fund crunch. Sources reveal that the Centre is actively devising strategies, including the potential utilisation of a portion of the green tax collected in the city from heavy and commercial vehicles entering Delhi, to address this issue.

The Public Investment Board (PIB) has granted approval for metro rail ventures in Agra, Kanpur, Ahmedabad, and Patna. Additionally, it has given the green light to the Delhi-Ghaziabad-Meerut Rapid Rail Transit corridor. The Central Government intends to kickstart the development of these proposed projects, totalling Rs 560 billion, ahead of the upcoming Lok Sabha elections. Officials have confirmed that the financial implications of the proposed metro rail projects have received approval. The detailed reports have been submitted to the Central Government for the final nod. The Kanpur metro project is designed to encompass key areas such as IIT, Rawatpur, Bada Chauraha, Motimahal, Kanpur Central, ISBT Jhakarkatti, and Naubasta. The Agra Metro project is estimated to cost Rs 82.62 billion, while the Ahmedabad Metro Phase II project is budgeted at Rs 75 billion. The government is poised to finalise approvals for five metro rail projects nationwide?two in Uttar Pradesh, one each in Gujarat and Bihar, and the initial phase of the Rapid Rail Transit System (RRTS) in the National Capital Region?before the enforcement of the poll code of conduct. Additionally, the government aims to lay the foundation stone for metro projects requiring an investment of approximately Rs 560 billion. A significant hurdle in the RRTS project is the Delhi government's reluctance to contribute its share, citing a fund crunch. Sources reveal that the Centre is actively devising strategies, including the potential utilisation of a portion of the green tax collected in the city from heavy and commercial vehicles entering Delhi, to address this issue.

Next Story
Products

Sleek Kitchen Solutions

Häfele has launched the Profin range of aluminium profiles for open, modern kitchens. The collection includes Gola Profiles, Stack Modular Shelving, Rail Door Profiles, and Strike Shelving System—all designed for seamless integration and contemporary appeal. Available in five finishes—Silver, Graphite, Gold, Rose Gold, and Dark Bronze—the profiles offer both subtle elegance and striking contrast.Contact: HäfeleWebsite: www.hafeleindia.com/en/ ..

Next Story
Technology

DEV IT Wins Rs 40.4 Mn tech deal with Alivus Lifesciences

Dev Information Technology, a global IT services company providing Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like Talligence and ByteSigner, has secured significant orders worth approximately Rs 40.4 million from Alivus Lifesciences. The wins reflect DEVIT’s growing presence in the enterprise technology space and its ability to deliver value-driven IT solutions.The engagement includes a significant order of Rs 30.60 million for Microsoft Select Plus perpetual licenses. While the licenses will be billed directly by the Licensing So..

Next Story
Infrastructure Energy

CRISIL Rates ACME Raisar Solar's Rs 8.80 Bn Loan 'AA-/Stable'

CRISIL Ratings has assigned 'CRISIL AA-/Stable’ rating to long-term bank facilities of ACME Raisar Solar Energy, wholly owned subsidiary of ACME Solar Holdings. This rating is assigned to 300 MW (AC) capacity located in Fategarh, Rajasthan for its Rs 8.90 billion term loan facility from REC.CRISIL cited robust revenue visibility, strong financial metrics & debt servicing capability, and a secure cash flow mechanism as key strengths underpinning AA-/Stable rating, one of the highest ratings accorded by the rating agencies. The rating reflects ARSEPL's strong operational profile supported by a..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?