The state government of Madhya Pradesh has inked an MoU with the Centre and Madhya Pradesh Metro Rail Corporation (MPMRC) in New Delhi for Metro Rail projects in Indore and Bhopal.
The pact was signed in the presence of Union Housing and Urban Affairs Minister Hardeep Singh Puri and MP Urban Development Minister Jaivardhan Singh. The project has been already approved by the Centre.
The cost of the Bhopal project that has two corridors — from Karond circle to AIIMS of 14.99 km and from Bhadbhada Square to Ratnagiri Square of 12.88 km — will be Rs 6,491 crore.
A ring line of 31.55 km from Bangali Square to Palasia via Vijaynagar, Bhanwar Shala and Airport at a cost of Rs 7,500 crore will be constructed as part of the metro project in Indore.
To be implemented by MPMRC, the project will be converted into a 50:50 joint venture between the state and central governments.
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