The long-nurtured dream of Kolkatans of having uninterrupted travel from Howrah to the rest of Kolkata by metro rail received a major boost after the Central government agreed to offer Rs 4,874 crore fund for the East West Metro Corridor project in West Bengal.
The Kolkata Metro Rail Corporation (KMRC), a joint venture of the West Bengal Government and the Centre, has undertaken the project connecting Salt Lake directly with Howrah through underground tunnel beneath the river Hooghly.
The Centre and the State have 30 and 25 per cent stake in the project respectively and the balance 45 per cent of the project investment cost is to be procured as loan from the Japanese Bank of International Corporation (JBIC).
While initiating work on the metro rail project the state government has already invested huge funds and the project, the foundation of which was laid by former Chief Minister Buddhadeb Bhattacharya last year. With the central showering of funds the state government is set to save a staggering sum of Rs 1,000 crore.
The Kolkata Metro Rail Corporation (KMRC), a joint venture of the West Bengal Government and the Centre, has undertaken the project connecting Salt Lake directly with Howrah through underground tunnel beneath the river Hooghly.
The Centre and the State have 30 and 25 per cent stake in the project respectively and the balance 45 per cent of the project investment cost is to be procured as loan from the Japanese Bank of International Corporation (JBIC).
While initiating work on the metro rail project the state government has already invested huge funds and the project, the foundation of which was laid by former Chief Minister Buddhadeb Bhattacharya last year. With the central showering of funds the state government is set to save a staggering sum of Rs 1,000 crore.
No comments:
Post a Comment