Funds for Kolkata metro projects rise by 164.77 per cent
RAILWAYS & METRO RAIL

Funds for Kolkata metro projects rise by 164.77 per cent

Kolkata Metro has received Rs. 32202.50 million in this year's Union Budget, which was presented to Parliament. This is significantly more, a 164.77 per cent rise than Rs. 12162.50 million as allotted in the 2022-2023 budget proposal.

The total plan outlay for the Metro Railway has increased by a record-breaking 153.36 percent and is set at Rs. 34965.40 million.

Metro Railway intends to open new Metro routes and extend existing ones in 2023, provided that sufficient funds are available. The Commissioner of Railway Safety, N.F., has already conducted an inspection of the New Garia to Hemanta Mukherjee stretch of the Rajarhat Metro Project (Orange Line) from New Garia to the Airport. It is anticipated that his mandatory approval to begin commercial services on this stretch will be received very soon.

Commercial services on this 5.4-kilometer stretch are expected to begin in February 2023 following that approval.

In October 2023, this section will be extended further to Salt Lake Sec-V, which measures 9.82 km in length. In addition, the Noapara-Bimanbandar-Barasat Metro Project's (7.04 km) Noapara-Bimanbandar section will be opened in the same month.

The Purple Line's commercial services between Joka and Taratala have already begun. By October 2023, this service will be extended further from Taratala to Majherhat (1.24 km).

A deadline of December of this year has also been set for the much-anticipated expansion of Metro services from Sealdah to Howrah Maidan (7.25 km). Once this goal is met, the country's Metro will run under a great river like the Hooghly for the first time. Consequently, commuters from the suburbs can quickly and smoothly reach Salt Lake, Sealdah, and Esplanade without encountering traffic congestion.

This year, Metro plans to rapidly expand, adding 30.75 km to the 47.93 km already in the Kolkata Metro network.

"These extensions and opening of new routes will be this year's Puja Gift to the people of Kolkata," said Shri Arun Arora, General Manager of Metro Railway.

Kolkata Metro has received Rs. 32202.50 million in this year's Union Budget, which was presented to Parliament. This is significantly more, a 164.77 per cent rise than Rs. 12162.50 million as allotted in the 2022-2023 budget proposal. The total plan outlay for the Metro Railway has increased by a record-breaking 153.36 percent and is set at Rs. 34965.40 million. Metro Railway intends to open new Metro routes and extend existing ones in 2023, provided that sufficient funds are available. The Commissioner of Railway Safety, N.F., has already conducted an inspection of the New Garia to Hemanta Mukherjee stretch of the Rajarhat Metro Project (Orange Line) from New Garia to the Airport. It is anticipated that his mandatory approval to begin commercial services on this stretch will be received very soon. Commercial services on this 5.4-kilometer stretch are expected to begin in February 2023 following that approval. In October 2023, this section will be extended further to Salt Lake Sec-V, which measures 9.82 km in length. In addition, the Noapara-Bimanbandar-Barasat Metro Project's (7.04 km) Noapara-Bimanbandar section will be opened in the same month. The Purple Line's commercial services between Joka and Taratala have already begun. By October 2023, this service will be extended further from Taratala to Majherhat (1.24 km). A deadline of December of this year has also been set for the much-anticipated expansion of Metro services from Sealdah to Howrah Maidan (7.25 km). Once this goal is met, the country's Metro will run under a great river like the Hooghly for the first time. Consequently, commuters from the suburbs can quickly and smoothly reach Salt Lake, Sealdah, and Esplanade without encountering traffic congestion. This year, Metro plans to rapidly expand, adding 30.75 km to the 47.93 km already in the Kolkata Metro network. These extensions and opening of new routes will be this year's Puja Gift to the people of Kolkata, said Shri Arun Arora, General Manager of Metro Railway.

Next Story
Infrastructure Urban

Karnataka Seeks Rs.5,000 Crore World Bank Aid for Disaster Resilience

To strengthen Bengaluru's status as a global IT-BT hub while addressing its vulnerability to natural disasters, the Karnataka government has sought Rs.50 billion in financial assistance from the World Bank under a proposal called the Disaster Resilience Initiative. Of this, Rs.35 billion is earmarked for Bengaluru, with the remaining Rs.15 bilion allocated for disaster-prone cities like Belagavi and Mangaluru. According to government officials, Rs.25 billion will go to the Bruhat Bengaluru Mahanagara Palike (BBMP) for modernising the city’s stormwater drains, which have been neglected for t..

Next Story
Building Material

JSW Group and POSCO to Establish Greenfield Steel Plant in Keonjhar

Odisha Chief Minister Mohan Charan Majhi announced that JSW Group, in collaboration with South Korean steel giant POSCO, will set up a greenfield steel facility in his home district of Keonjhar. This development follows speculation regarding the location of the joint venture. During his two-day visit to Keonjhar to celebrate Diwali, Majhi disclosed that discussions about the steel plant took place during roadshows for the upcoming Make-in-Odisha conclave held in Delhi and Mumbai. He confirmed that the two companies have signed a Memorandum of Understanding (MoU) to establish the plant, which w..

Next Story
Infrastructure Energy

Coal India Eyes Dividend Return

Coal India Ltd. (CIL) is optimistic about rejoining the list of dividend-paying companies, primarily due to a notable improvement in the performance of its subsidiary, Eastern Coalfields Ltd. (ECL). ECL’s operational efficiency and financial performance have seen considerable progress, contributing positively to CIL’s overall profitability. After missing its dividend payout last year—a rarity given its history as a reliable dividend stock—CIL is working to restore shareholder confidence through enhanced production targets and cost-cutting measures. ECL's focused strategy on boosting pr..

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