PIB approves Rs 560 bn Metro Rail Projects across India
RAILWAYS & METRO RAIL

PIB approves Rs 560 bn Metro Rail Projects across India

The Public Investment Board (PIB) has granted approval for metro rail ventures in Agra, Kanpur, Ahmedabad, and Patna. Additionally, it has given the green light to the Delhi-Ghaziabad-Meerut Rapid Rail Transit corridor. The Central Government intends to kickstart the development of these proposed projects, totalling Rs 560 billion, ahead of the upcoming Lok Sabha elections.

Officials have confirmed that the financial implications of the proposed metro rail projects have received approval. The detailed reports have been submitted to the Central Government for the final nod.

The Kanpur metro project is designed to encompass key areas such as IIT, Rawatpur, Bada Chauraha, Motimahal, Kanpur Central, ISBT Jhakarkatti, and Naubasta. The Agra Metro project is estimated to cost Rs 82.62 billion, while the Ahmedabad Metro Phase II project is budgeted at Rs 75 billion. The government is poised to finalise approvals for five metro rail projects nationwide?two in Uttar Pradesh, one each in Gujarat and Bihar, and the initial phase of the Rapid Rail Transit System (RRTS) in the National Capital Region?before the enforcement of the poll code of conduct.

Additionally, the government aims to lay the foundation stone for metro projects requiring an investment of approximately Rs 560 billion.

A significant hurdle in the RRTS project is the Delhi government's reluctance to contribute its share, citing a fund crunch. Sources reveal that the Centre is actively devising strategies, including the potential utilisation of a portion of the green tax collected in the city from heavy and commercial vehicles entering Delhi, to address this issue.

The Public Investment Board (PIB) has granted approval for metro rail ventures in Agra, Kanpur, Ahmedabad, and Patna. Additionally, it has given the green light to the Delhi-Ghaziabad-Meerut Rapid Rail Transit corridor. The Central Government intends to kickstart the development of these proposed projects, totalling Rs 560 billion, ahead of the upcoming Lok Sabha elections. Officials have confirmed that the financial implications of the proposed metro rail projects have received approval. The detailed reports have been submitted to the Central Government for the final nod. The Kanpur metro project is designed to encompass key areas such as IIT, Rawatpur, Bada Chauraha, Motimahal, Kanpur Central, ISBT Jhakarkatti, and Naubasta. The Agra Metro project is estimated to cost Rs 82.62 billion, while the Ahmedabad Metro Phase II project is budgeted at Rs 75 billion. The government is poised to finalise approvals for five metro rail projects nationwide?two in Uttar Pradesh, one each in Gujarat and Bihar, and the initial phase of the Rapid Rail Transit System (RRTS) in the National Capital Region?before the enforcement of the poll code of conduct. Additionally, the government aims to lay the foundation stone for metro projects requiring an investment of approximately Rs 560 billion. A significant hurdle in the RRTS project is the Delhi government's reluctance to contribute its share, citing a fund crunch. Sources reveal that the Centre is actively devising strategies, including the potential utilisation of a portion of the green tax collected in the city from heavy and commercial vehicles entering Delhi, to address this issue.

Next Story
Infrastructure Energy

Adani Green Adds 212.5 MW Solar in Gujarat

Adani Green Energy Ltd. has commissioned a 212.5 MW solar power project at Khavda, Gujarat, through its subsidiary Adani Renewable Energy Fifty Seven Ltd. This addition brings Adani Green's total operational renewable capacity to 13,700 MW, as per a stock exchange filing. Last month, Adani Green became India's first renewable energy company to cross 12,000 MW of operational capacity. The company is also developing the world's largest 30,000 MW renewable energy plant in Khavda, spanning 538 sq km—about five times the size of Paris and nearly as large as Mumbai. Upon completion, it will be th..

Next Story
Infrastructure Energy

ONGC NTPC Green Acquires Ayana for Rs 62.5 Billion

ONGC NTPC Green Pvt Ltd (ONGPL) has completed the Rs 62.5 billion acquisition of Ayana Renewable Power, securing a 100% equity stake. The 50:50 joint venture between NTPC Green Energy Ltd (NGEL) and ONGC Green Ltd finalized the deal. NGEL contributed Rs 31.2 billion toward the acquisition, aligning with its goal to achieve 60 GW of renewable capacity by 2032. Ayana, a key player in India's green energy sector, has a 4,112 MW portfolio, with 2,123 MW operational and 1,989 MW under construction. Its projects are backed by high-credit-rated buyers, including SECI, NTPC, GUVNL, and Indian Railw..

Next Story
Infrastructure Transport

Cabinet Approves Rs 37.1 Billion Patna-Sasaram Corridor

The Union Cabinet has approved the construction of a four-lane access-controlled Patna-Sasaram corridor in Bihar at an estimated cost of Rs 37.1 billion. The 120.1 km project, to be developed under the Hybrid Annuity Mode (HAM), aims to ease congestion and enhance connectivity. Currently, travel between Sasaram, Arrah, and Patna takes 3-4 hours due to heavy traffic on state highways. The new corridor will integrate greenfield and 10.6 km of brownfield upgrades, linking key cities such as Arrah, Grahini, Piro, Bikramganj, Mokar, and Sasaram. The project will connect NH-19, NH-319, NH-922, NH-..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?