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To implement the proposed metro rail projects in Kanpur, Meerut, Agra, Jhansi, Allahabad, Varanasi and Gorakhpur, the Uttar Pradesh government decided to constitute an Special Purpose Vehicle (SPV) in name of Uttar Pardesh Metro Rail Corporation Limited.
However, the Noida Metro Rail Corporation (NMRC) which operates 29 km Aqua Line Metro corridor, set up to pilot metro rail project in Noida and Greater Noida towns, will work as a separate entity to implement and operate metro rail systems in Noida and Greater Noida.
The decision was taken at the state cabinet meeting chaired by chief minister Yogi Adityanath on Tuesday in the light of an earlier meeting at the Ministry of Housing and Urban Affairs (MoHUA).
After due deliberations by the state cabinet on the decisions made by the Union Ministry of Housing and Urban Affairs on April 1 regarding Kanpur and Agra metro, which will begin soon, it has been decided that the NMRC will continue to work on Noida-Greater Noida Metro as it is, while a single SPV by the name of ‘UP Metro Rail Corporation’ will be set up for implementation of metro rail projects in the big cities of the state.
At present, 23 km North-South Corridor of the Lucknow Metro is operational, the state government has proposed metro rail services in Kanpur, Meerut and Agra as well.
On March 8, Prime Minister Narendra Modi has laid the foundation of the Kanpur and Agra metro rail projects during his visit to Kanpur.
Last year, in the meeting of Board of Directors of Lucknow Metro Rail Corporation (LMRC) which was chaired by Durga Shanker Mishra, Secretary, Ministry of Housing & Urban Affairs had approved the reconstitution of Lucknow Metro Rail Corporation (LMRC) as a single Special Purpose Vehicle (SPV) named Uttar Pradesh Metro Rail Corporation Limited (UPMRCL).
The Board had also approved the revised Detailed Project Report (DPR) of proposed East-West Corridor of Lucknow Metro Rail project tabled by Kumar Keshav, Managing Director of LMRC at its 32nd meeting at Chennai in June 2018. The East-West corridor of Lucknow Metro covering 11 km length is touted to cost nearly Rs 5,500 crore.
On 17 January, 2018, the Uttar Pradesh cabinet had approved three proposed metro rail projects in Agra, Kanpur and Meerut at an investment of almost Rs 47,000 crores.
The post Cabinet clears formation of Uttar Pardesh Metro Rail Corporation as SPV appeared first on Urban Transport News.
This article first appeared on urbantransportnews.com
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