MP fast-tracks ₹14,442-cr twin metro projects

The state government in Madhya Pradesh has sped up the twin Bhopal and Indore Metro Projects at an investment of ₹14,442 crore and they would be commissioned in the next 3-4 years. Prompt actions are being taken for the formation of a Joint Venture Board to notify Bhopal and Indore as metropolitan area and acquisition of land to accelerate the speed. Chief Minister Shri Chouhan has informed that the work of Nagpur Metro was carried out speedily. With the tripartite agreement of Madhya Pradesh Government, Government of India and M.P. Metro Rail Company, the M.P. Metro Rail is forming 50:50 Joint Venture Company of the Union and State Government operated by the Board. The total investment includes the cost of ₹6,941 crore Bhopal Metro and ₹7500 crore for Indore Metro. Till now, finance of ₹248 crore 96 lakh and ₹245 crore 23 lakh has been received by the Metro Company for metro works from the State Government and Government of India respectively. Out of this amount, ₹138 crore 58 lakh has been spent on metro works to date. Under the Bhopal Metro, a target has been set to complete the works from AIIMS to Subhash Nagar by August 2023, from Subhash Nagar to Karond square by December 2024 and from Bhadbhada square to Ratnagiri Tiraha by May 2024. Under the Indore Metro, the target has been set to complete the work from Gandhi Nagar to Mumtaz Bagh by August 2023, from Mumtaz Bagh to Railway Station by July 2024 and Gandhi Nagar to Railway Station by December 2024.