EIB to release Rs 1,600 crore for Pune metro projects
5 years, 1 month ago

EIB to release Rs 1,600 crore for Pune metro projects

India TV News  

The European Investment Bank on Friday signed a loan agreement with Maharashtra Metro Rail Corporation for releasing the first tranche of 200 million euros for the ongoing metro projects in Pune. The bank has agreed to extend 600 million euros in loan to Maharashtra Metro Rail Corporation which is developing two metro lines in Pune and Pimpri Chinchwad. "The funding from EIB will give the much needed boost to the metro projects in Pune and will ensure speedy execution," Chief Minister Uddhav Thackeray said. Speaking at the event, Maha Metro Managing Director Brijesh Dixit said nearly 37 per cent of the civil works of the metro projects has been completed.

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History of this topic

Maha-Metro invites bids for design of 14 elevated stations
1 week, 1 day ago

Maha-Metro invites bids for design of 14 elevated stations

Hindustan Times  

PUNE: With the central government fast-tracking the Kharadi-Khadakwasla and Nal Stop-Manik Baug corridors under Pune Metro phase 2, the Maha-Metro has invited bids to appoint a detailed design consultant for 14 elevated stations on these routes. Maha-Metro has invited bids to appoint detailed design consultant for 14 elevated stations on Kharadi-Khadakwasla and Nal Stop-Manik Baug corridors. ) Additionally, the consultant …

Union Cabinet gives approval to three new Metro projects
7 months, 1 week ago

Union Cabinet gives approval to three new Metro projects

The Hindu  

The Union Cabinet on Friday gave its approval to three new Metro projects, including the Bengaluru Metro Phase-3 which is estimated to cost ₹15,611 crore. The other two are the Thane Integral Ring Metro costing ₹12,200 crore and extension of the Pune Metro, which would cost ₹2,954.5 crore. In Pune, the Swargate to Katraj Underground Line Extension of the existing …

Centre has been generous in funding 17 metro rail projects across the country
1 year, 11 months ago

Centre has been generous in funding 17 metro rail projects across the country

The Hindu  

The Centre may have found the Hyderabad Metro Rail second phase project from Lakidikapul as “not feasible”, but it has been quite generous in allocating funds to the tune of ₹20,385.62 crore in total for about 17 metro rail and a Regional Rapid Transit System for the National Capital Region in 2022-23, while funds allocated the previous year for these …

EU Lending Institution to Invest 650 Million Euros in Kanpur Metro Rail Construction
4 years, 6 months ago

EU Lending Institution to Invest 650 Million Euros in Kanpur Metro Rail Construction

News 18  

The European Investment Bank on Monday said it will invest 650 million euros into the construction of Kanpur’s first metro line, enabling about three million people in the city to benefit from green, fast and affordable public transport. The EIB, in a statement, said the new metro rail system will reduce commuting hours and unlock new employment and education opportunities …

Maharashtra CM Fadnavis approves ₹16K-crore budget for MMRDA for FY20
6 years ago

Maharashtra CM Fadnavis approves ₹16K-crore budget for MMRDA for FY20

Live Mint  

Maharashtra chief minister Devendra Fadnavis Thursday approved ₹16,909.10 crore budget for the Mumbai Metropolitan Region Development Authority for the financial year 2019-20. The ambitious 10 metro projects have received ₹7,486.50 crore including ₹100 crore for the Metro Bhavan, which the authority has proposed to develop at Aarey colony in suburban Goregaon. The 10 metro lines include Versova-Andheri-Ghatkopar Metro-1, Dahisar to …

Tata-Siemens consortium wins bid for Pune Metro project
6 years, 5 months ago

Tata-Siemens consortium wins bid for Pune Metro project

Live Mint  

New Delhi: The consortium of Tata Group firm TRIL Urban Transport and Siemens Financial Services arm Siemens Project Ventures GmbH has bagged a contract to develop a Metro Line in Pune. “The consortium.has been awarded the contract by the Pune Metropolitan Region Development Authority to develop the Metro corridor from Hinjewadi to Shivajinagar,” a press statement said on Wednesday. “The …

Devendra Fadnavis approves Rs 12,156.95 crore MMRDA budget; metro corridors, trans harbour link to get boost
7 years ago

Devendra Fadnavis approves Rs 12,156.95 crore MMRDA budget; metro corridors, trans harbour link to get boost

Firstpost  

Mumbai: With a focus on speedy implementation of various infrastructure projects in the megapolis, Maharashtra chief minister Devendra Fadnavis on Thursday approved the Rs 12,156.95 crore budget presented by the Mumbai Metropolitan Region Development Authority for 2018-19. The budget, which was presented at the authority’s 145th meeting, has made a large provision of funds for crucial projects such as the …

Maharashtra govt approves metro 5 and 6 lines in Mumbai; projects to cost Rs 15,088 crore
7 years, 5 months ago

Maharashtra govt approves metro 5 and 6 lines in Mumbai; projects to cost Rs 15,088 crore

Firstpost  

The Maharashtra government on Tuesday approved two more metro projects with an aggregate value Rs 15,088 crore, a move that will enable seamless east-west connectivity in the metropolis. Mumbai: The Maharashtra government on Tuesday approved two more metro projects with an aggregate value Rs 15,088 crore, a move that will enable seamless east-west connectivity in the metropolis. The Mumbai Metropolitan …

Nagpur gets Metro too: Cabinet clears Rs 8,860 cr rail project for city
10 years, 7 months ago

Nagpur gets Metro too: Cabinet clears Rs 8,860 cr rail project for city

Firstpost  

Nagpur Metro will connect 19.658 km of north-south corridor and 18.557 km of east-west corridor. New Delhi: In a pre-election bonanza to Maharashtra, the Union Cabinet on Wednesdaycleared a Rs 8,860 crore metro project in Nagpur, which will become the latest city in the country to have the modern transportation service. The proposed north-south and east-west alignments are expected to …

Cabinet nod to Metro rail in Nagpur
10 years, 7 months ago

Cabinet nod to Metro rail in Nagpur

India TV News  

New Delhi: In a pre-election bonanza to Maharashtra, the Union Cabinet today cleared a Rs 8,860 crore metro project in Nagpur, which will become the latest city in the country to have the modern transportation service. The 38.215-km-long project, scheduled to be completed by March 2018, will be funded on equal sharing basis between the state and the Centre with …

Metro Rail hopeful of Rs. 1,000 crore ECBs
11 years, 5 months ago

Metro Rail hopeful of Rs. 1,000 crore ECBs

The Hindu  

L&T Hyderabad Metro Rail Limited is hopeful of the Rs 1,000 crore External Commercial Borrowings from Indian Infrastructure Finance Company Limited by the end of this month. In the backdrop of the weak Rupee, escalation of raw material and manpower cost and fluctuating Dollar-Rupee parity, ECBs are expected to protect the company from a possible financial impact. Most of the …

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