Don’t miss the latest developments in business and finance.

Union Cabinet Approves Lucknow Metro Rail Project Phase-1A

Image
Capital Market
Last Updated : Dec 24 2015 | 12:01 AM IST

Project will cover a length of 22.878 km with 22 stations

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the Lucknow Metro Rail Project Phase - 1 A. It will cover a length of 22.878 km with 22 stations.

The cost of the project will be Rs 6928 crore which will be supported by Government of India with Rs 1300 crore in the form of equity and subordinate debt. The Project will be implemented by Lucknow Metro Rail Corporation (LMRC), which will be reconstituted into a 50:50 jointly owned company of Govt. of India and Govt. of Uttar Pradesh.

Out of the total route length of 22.878 km, elevated route will be 19.438 km while underground route length will be 3.440 km. with total 19 elevated and three underground metro stations. The metro train will ply between Chowdhary Charan Singh Airport and Munshi Pulia.

The project will come under the legal framework of the Metro Railways (Construction of Works) Act, 1978; the Metro Railways (Operation and Maintenance) Act, 2002; and the Railways Act, 1989, as amended from time to time.

Lucknow has been experiencing mounting pressure on its transport infrastructure. Lucknow has witnessed tremendous growth in the last two decades. As per census of India 2011, the population of Lucknow Urban Agglomeration is 29 lakhs. The population of Lucknow Metropolitan Area is over 50 lakhs. The city has 14.24 lakh vehicles, 80 percent of them being two wheelers and 14 percent cars. The city is witnessing an annual growth of 8.35 percent in vehicular population.

Powered by Capital Market - Live News

Also Read

First Published: Dec 23 2015 | 12:05 PM IST

Next Story