Loan with EIB-WB being tied up, says Cabinet
The Cabinet has approved the Rs.5,452 crore Metro Connectivity from HUDA City Centre to Cyber City with Spur to Dwarka Expressway, Gurugram. It will have 27 stations on a 28.50-km route.
Loan for the project is being tied up with European Investment Board (EIB) and World Bank, the Cabinet said on 7 June 2023.
The elevated project will be a standard gauge line of 1,435 mm (5 ft 8.5 inches). The spur from Basai village has been provided for connectivity to depot.
The project, to be completed in four years, is to be implemented by Harayana Mass Rapid Transport Corporation Limited (HMRTC) which will be set up as a 50:50 Special Purpose Vehicle (SPV) of the Indian Government and Haryana Government after sanction order is issued.
As on date, there is no metro line in Old Gurugram. The main feature of this line is to connect New Gurugram with Old Gurugram.
This network will connect with Indian Railway station. In next phase, it will provide connectivity to IGI airport. This will also provide overall economic development in the area. Fiinews.com
