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The Central Government will contribute ₹1,990 crore in the form of equity and subordinate debt in the Ahmedabad Metro Rail project, which was cleared by the Union Cabinet on Saturday. Phase-1 of the project will cover 35.96 km at a total project cost of ₹10,773 crore. The project will be implemented by Metro-Link Express for Gandhinagar and Ahmedabad (MEGA) Company Ltd, which will be converted into a 50:50 jointly-owned company of the Central Government and Gujarat Government.
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