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
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?