Nagpur Metro
In its bid to provide quicker transportation facilities to the masses of Nagpur in Maharashtra, the state government in a recent move has cleared Rs 8,680cr metro project proposals involving the construction of two elevated metro rail routes covering a total distance of 38.2 km. The project in question was cleared with two routes including Automotive Chowk to Mihan and Prajapati Nagar to Lokmanya Nagar and that it would be completed in six years. The Nagpur Improvement Trust (NIT), the local civic agency has already appointed Delhi Metro Rail Corporation as the consultant and the proposal has already been sent to the centre for mandatory clearance, said sources adding that a Special Purpose Vehicle called Nagpur Metro Railway Corporation, comprising the state government, the Centre, Nagpur Municipal corporation and NIT, will be set up for implementation of the project. The Centre and state government would fund 20% each of the total cost, while NIT and NMC will provide five% of the funds each and that the remaining cost of about 50% would be raised through loan and other resources, they added.