Nagpur Metro Rail Project approved
Nagpur: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, today gave its approval for the Nagpur Metro Rail Project covering a length of approximately 38.21 kms along two corridors. These corridors are the North-South Corridor covering approximately 19.65 kms from Automotive Square to MIHAN and the East-West Corridor covering approximately 18.55 kms from Prajapati Nagar to Lokmanya Nagar. The total project cost is Rs.8,680 crore, with Government of India contributing Rs 1,555 crore in the form of equity and subordinate debt. The project shall be implemented by the Nagpur Metro Rail Corporation Ltd. which will be set up as a 50:50 jointly owned company of the Government of India and the Government of Maharashtra. The company will have 10 nominee Directors on its Board. These would be five nominees of the Government of India and five nominees of the Government of Maharashtra. The Secretary, Urban Development, Government of India will be the Chairman and the Managing Director will be nominated by the Government of Maharashtra. The proposed two alignments are expected to provide much needed connectivity to commuters and would traverse through some of the densest and traffic congested areas of Nagpur. The alignments are also expected to bring connectivity to the upcoming MIHAN project with the Special Economic Zone (SEZ), educational institutions and logistic hubs in the city. The two corridors, together, will also bring about a total transformation in the city`s urban transportation scenario by considerably reducing traffic congestion and bringing in a fast, comfortable, safe and affordable mass transportation system for the people of Nagpur. This in turn will contribute to further development and prosperity of the area. The development and prosperity of Nagpur will also contribute to the prosperity and development of the nation. Nagpur City, the 13th largest urban conglomeration in India has employment of about six lakh having a travel demand of total 2.2 million passenger trips every day. With the growing population and mega development plans coming up, travel demand is expected to grow steeply. With a growing economy and inadequate public transport services, passengers are shifting to private modes of transport. This shift is already evident from high vehicle ownership trends in the region. In the future, not only will this aggravate congestion on streets, but will also lead to increase in pollution. Therefore, the proposal for a Metro Rail Project in Nagpur was considered.