Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
The Madhya Pradesh Cabinet has approved the detailed project reports (DPRs) of the Metro rail projects for Bhopal and Indore, costing ₹14,485.55 crore.
“The state Cabinet, chaired by Chief Minister Shivraj Singh Chouhan, today approved the DPRs for the development of the Metro rail projects in Indore and Bhopal. These projects would cumulatively cost ₹14,485.55 crore,” Public Relations Minister Narottam Mishra told reporters after the Cabinet meeting here this morning.
Funding pattern
Asked about the funding pattern of the projects, Mishra said the Madhya Pradesh Metro Rail Company Ltd would seek a loan to the tune of 60 per cent while the state government and the Centre would share 20 per cent each of the total cost.
The state and Central governments would provide ₹2,897.10 crore each. The remaining ₹8,691.35 crore would be arranged through loan from multilateral/ bilateral funding agencies.
“Initially, Japan International Cooperation Agency (JICA) had given in-principle nod to provide the loan for Bhopal Metro project. But, JICA didn’t move ahead later on,” he said.
Mishra also said the Metro company would seek funding from other agencies.
Project details
Two Metro corridors of 27.87 km will be laid in Bhopal. The first corridor of 14.99 km will be from Karond to AIIMS (Saket Nagar). The second corridor of 12.88 km will be from Bhadbhada Square to Ratnagiri.
There will be one corridor of 31.55 km from Rajwada to Nainod in Indore.
Mishra said work on the projects in both the cities will begin in the next financial year.
In February 2015, the state Cabinet decided to constitute Madhya Pradesh Metro Rail Company for implementation of Metro projects in Bhopal and Indore.
Please Email the Editor