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Approved: Rs. 8,379.62 crore Agra Metro Rail Project

Fiinews by Fiinews
March 1, 2019
in Contract, Infrastructure, Investment, Projects, Tenders
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Stations: 20 Elevated and 7 Underground

 

Tourism in Agra.
The Taj Mahal.

The Cabinet has approved Agra Metro Rail Project having two corridors, connecting major public nodes, tourist places and city cluster areas of Agra.

Estimated project cost Rs.8,379.62 crore, the project will be completed in five years.

The Metro Rail System will also promote transit-oriented development which will lead to development of more residential and commercial complexes along the corridors.

The two corridors will pass through heart of the city and connect prominent tourist places including Taj Mahal, Agra Fort and Sikandra as well as ISBT, Raja Ki Mandi Railway Station, Medical College, Agra Cant Railway Station, Collectorate, Sanjay Place and surrounding densely populated residential areas.

Highlights of these corridors include

1. The length of Sikandra to Taj East Gate corridor 14.00 km, which is partly elevated and partly underground comprises of 13 Stations (6-Elevated and 7-Underground).

2. The length of Agra Cantt to Kalindi Vihar corridor is 15.40 km comprising of 14 stations all elevated.

3. Estimated project cost is Rs.8,379.62 crore with completion five years.

The proposed corridors will be having Multimodal Integration with Railway Stations with feeder network of Bus, Intennediate 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).

The Sikandra to Taj East Gate corridor will pass through heart of the city and will connect prominent tourist places including Taj Mahal, Agra Fort and Sikandra as well as ISBT, Raja Ki Mandi Railway Station, Medical College etc.

Agra Cantt to KalindiVihar corridor will connect Agra Cantt Railway Station, Collectorate, Sanjay Place and surrounding densely populated residential areas. The Metro will provide eco-friendly and sustainable public transport to residents, commuters, industrial workers, visitors and travelers.

Project Details:

‘Lucknow Metro Rail Corporation’, a 50:50 jointly owned Company of Govt of India and Govt. of Uttar Pradesh, will be reconstituted as ‘Uttar Pradesh Metro Rail Corporation (UPMRC)’ for implementation of project.

The financing of Agra Metro Rail Project will be partly from Government of India and Govt. of Uttar Pradesh on equal equity basis and partly as soft loan from Bilateral/Multilateral international funding agency/agencies.

Govt. of Uttar Pradesh has already allocated Rs.175 crore for this period during the financial year 2019-20.

While approving the project, the Cabinet has also stipulated that city bus services in Agra should be strengthened within one year of the approval of the Metro Project. Fiinews.com

Tags: The Cabinet Committee on Economic Affairs
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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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