Business Standard

Outlay Up 47% To Rs 445 Crore

Image

Our Economy Bureau BUSINESS STANDARD

Metro Projects

Railway Minister Nitish Kumar has increased the outlay on metro projects by 47 per cent to Rs 445 crore for 2003-04.

The outlay includes multilateral funding for the Mumbai urban transport project. While the Railways had budgeted the expenditure on metro projects at Rs 268 crore in 2002-03, it has now been revised to Rs 303 crore.

Kumar said the first phase of the Mumbai urban transport project had been approved. The project envisages upgradation of railway infrastructure , for which the World Bank has sanctioned Rs 1,613 crore. The project, to be completed in five years, is expected to reduce overcrowding in Mumbai

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 27 2003 | 12:00 AM IST

Explore News