- Arts & Entertainment
- All Stories
Cabinet approves Rs. 11,076 crore Kanpur Metro Rail Project
New Delhi, March 1, 2019
The Union Cabinet on Thursday approved the Kanpur Metro Rail Project with two corridors that will connect major public nodes and city cluster areas of Kanpur.
The estimated cost of the project is Rs. 11,076.48 crore and the project will be completed in five years, an official release said.
According to the release, the length of the ITT-Naubasta corridor will be 23.785 km, partly elevated and partly underground, and comprise 22 stations (14 elevated and 8 underground).
The length of the Agriculture University-Barra 8 corridor is 8.60 km, comprising four elevated and four underground stations, it said.
The IJT Kanpur - Naubasta corridor will pass through the heart of the city and cover several prominent educational institutions, railway and bus stations, including IIT Kanpur, CSJM University, GSYM Medical College, Jhakarkati Bus Station and Kanpur Central Railway Station.
The Agriculture University - Barra 8 corridor will provide connectivity to various densely populated residential areas such as Kakadeo and Govind Nagar.
About 40 lakh population is expected to be benefitted by the project directly and indirectly once commercial operations begin, the release said.
The proposed corridors will have multi-modal integration with railway stations and will have feeder network of bus, intermediate public transport (IPT) and non-motorized transport (NMT). The project will have non-fare box revenue from rental and advertisement as well as Value Capture Financing (VCF) through mechanism of Transit Oriented Development (TOD) and Transfer of Development Rights (TDR).
Lucknow Metro Rail Corporation, a 50:50 jointly owned company of the Government of India (GoI) and the Government of Uttar Pradesh (GoUP) will be reconstituted as Uttar Pradesh Metro Rail Corporation (UPMRC) for implementation of the project.
The financing of Kanpur Metro Rail Project will be partly from GoI and GoUP on equal equity basis and partly as soft loan from bilateral and multilateral international funding agencies.
The Government of Uttar Pradesh has already allocated Rs. 175 crore for this project during the financial year 2019-20.
Kanpur is one of the largest cities in Uttar Pradesh with an estimated population of around 41 lakh. It has historical importance with large scale industrial and commercial activities. Urbanization and rapid growth of vehicular traffic has led to severe stress on the urban transport system in the city resulting also in a deterioration in air quality.
"In this backdrop, it is imperative to strengthen the public transport system in Kanpur and the Metro project will be able to meet this need. While approving the project, the Cabinet has also stipulated that city bus services in Kanpur should be strengthened within one year of the approval of the Metro Project," the release added.
(Our News Desk can be contacted at email@example.com)
Did you like this story?
and help us to serve you better.