Madhya Pradesh to raise Rs 14,485 crore for Metro Rail

The State government of Madhya Pradesh is planning to raise Rs 14,485.55 crore to implement Metro Rail project in Indore and Bhopal.

Speaking to reporters, Urban Development and Housing Minister Maya Singh said, “We have a big plan to run metros in Indore and Bhopal for which a huge amount of money is needed. We are scouting for avenues to get this money.”

She further said that homework to run the metros in the two cities has been completed. The moment we manage finance, the project will be kick-started, she added.

In December last year, the government approved the detailed project report (DPR) which envisages Rs 14,485.55 crore investment to put in place the rapid transport system in the two main cities of the state.

Image Credit : static-news.moneycontrol.com

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