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Lucknow Metro Rail, Lucknow Metro Rail Corporation Limited

The government approved the Lucknow Metro, get Rs 1350 crore

The government approved the Lucknow Metro, get Rs 1350 crore

Metro project was green lit after the Centre has now become a guarantor. Both the central and state would be part of 50-50 percent in LMRC. After the approval of the Central, North-South Corridor will get the help of 1350crore. Additionally, Army, Railway and Union undertakings of BSNL will help LMRC. Managing Director of LMRC Keshav Kumar said that this is a huge success for LMRC. “The project is approved by the Centre after the struggle of two years”, he said. Now the director of the Center will join LMRC. There will be a total investment of about Rs 6,900 crore from Transport Nagar to Munshipuliya route which covers a complete distance of 22Km. The financial arrangement of Lucknow just like DMRC, 20 percent of the total budget 6900 crores will be given by State Government, 20 percent of the central government and the remaining 60 percent will be raised through foreign loans. The state and central government spent Rs 1350 each and rest Rs 4,100 crore will be raised from foreign debt. For its part, the state government has announced Rs 1,000 crore, while the central government 100 million in the last fiscal year and nearly 173 crores for the current financial year announced.

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