Logistics

Rlys not to take over East-West Metro in Kolkata

PTI Kolkata | Updated on July 04, 2011

The Railways has decided not to go ahead with its decision to take a majority stake in the over Rs 4,000-crore East-West Metro project here.

“It has been decided that the Railways will not take over the East-West Metro rail project as complete funding will be an issue,” the West Bengal Minister of State for Urban Development, Mr Saugata Roy, told PTI.

The project will be implemented under the previous formula, Mr Roy said on the sidelines of the fourth anniversary celebrations of the Second Vivekananda Bridge.

The 13-km stretch both underground and elevated between Salt Lake Sector-V and Howrah, according to the earlier formula, was to be implemented jointly by the West Bengal Government and the Union Urban Development Ministry.

The total project cost estimated at Rs 4,676 crore would be borne by the Kolkata Metro Railways Corporation. About 45 per cent loan for the project cost will come from the Japan for International Cooperation.

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Published on July 04, 2011
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