Rs 7100 million allocated for Bhopal & Indore metro rail projects
RAILWAYS & METRO RAIL

Rs 7100 million allocated for Bhopal & Indore metro rail projects

A total of Rs 7100 million has been allocated in the MP state budget for the metro rail projects in Bhopal and Indore. An under-construction priority corridor exists between the two cities. The two projects have yet to use any outside cash. The state administration has set September 2023 as the starting date for the priority corridor of the large-scale metro projects.

Metro train service between Indore and Bhopal will shortly begin to operate. We anticipate that the primary corridor will be executed in the year 2023-2024, according to Finance Minister Jadgish Devda. An official of Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) had earlier in October stated that the first tranche of a $250 million loan out of a total of $400 million from the European Investment Bank (EIB) is anticipated to be released in the first quarter of 2023, after the EIB team had visited Bhopal.

The Bhopal Metro project's first phase will include 28 stations and 2 lines. The Bhopal metro project is anticipated to be completed with the help of three major packages. The first significant loan amount from the EIB would be necessary. The Indore Metro's foreign funding source is ADB. The MP and EU governments each own 20% of the project equity, while the remaining 60% will be funded by a soft loan from the EIB.

A total of Rs 7100 million has been allocated in the MP state budget for the metro rail projects in Bhopal and Indore. An under-construction priority corridor exists between the two cities. The two projects have yet to use any outside cash. The state administration has set September 2023 as the starting date for the priority corridor of the large-scale metro projects. Metro train service between Indore and Bhopal will shortly begin to operate. We anticipate that the primary corridor will be executed in the year 2023-2024, according to Finance Minister Jadgish Devda. An official of Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) had earlier in October stated that the first tranche of a $250 million loan out of a total of $400 million from the European Investment Bank (EIB) is anticipated to be released in the first quarter of 2023, after the EIB team had visited Bhopal. The Bhopal Metro project's first phase will include 28 stations and 2 lines. The Bhopal metro project is anticipated to be completed with the help of three major packages. The first significant loan amount from the EIB would be necessary. The Indore Metro's foreign funding source is ADB. The MP and EU governments each own 20% of the project equity, while the remaining 60% will be funded by a soft loan from the EIB.

Next Story
Infrastructure Urban

Gurugram to Launch Real-Time Waste Collection App in August

The Municipal Corporation of Gurugram (MCG) plans to introduce an app in August that will provide residents with real-time information about waste collection services. Developed by a private firm, the app will allow residents to track the live location of waste collection vehicles, receive updates on expected arrival times, and monitor the vehicles' proximity to their homes. A research team from a private university in Gurugram has been tasked with identifying features to enhance the app's efficiency and transparency in waste management. Their findings, expected within 15 days, will be reviewe..

Next Story
Infrastructure Transport

South India's First Double-Decker Flyover Opens for Trial Run

South India's first double-decker rail-cum-road flyover was partially opened for a trial run officials announced. Deputy Chief Minister and Bengaluru Development Minister D. K. Shivakumar conducted a 'trial walk' on the newly built flyover, which extends from Ragigudda to Central Silk Board and forms part of the Yellow Line of the Bengaluru Metro. Transport Minister Ramalinga Reddy and other officials also participated in the event. Constructed by the Bangalore Metro Rail Corporation Limited (BMRCL) at a cost of Rs 4.49 billion, the flyover is currently open for vehicular movement on only one ..

Next Story
Infrastructure Transport

GMDA to Reconstruct Key Gurugram Road and Build Flyover

The Gurugram Metropolitan Development Authority (GMDA) announced plans to reconstruct a major master sector dividing road from the Dwarka Expressway junction with Sector 86 Road to IMT Manesar at a cost of ?600 million. This road, currently in severe disrepair, will pass through Sectors 84/88, 85/89, 86/90, and 87/92. Additionally, GMDA will build a ?590 million flyover at Dadi Sati Chowk in Sector 86. "The road will be reconstructed similar to Rampura Road, and the tender for this has been floated," stated Arun Dhankhar, GMDA's chief engineer. Special repairs for major roads across Gurugram a..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000