With the Nagpur Metro Rail Project receiving clearance from the Union Cabinet on Wednesday, August 20, 2014, Prime Minister Narendra Modi is scheduled to lay the foundation stone of the project today (August 21, 2014). The project, being set up with the objective to reduce the traffic congestion in the urban parts of the city, is expected to be completed by December 2016. The Nagpur metro network has been designed to enhance the city's transportation system, and thereby, help in the fast development of the 13th largest city of the country.
he Nagpur metro rail network will be spread across a length of about 38.21 km. It will be functional on two corridors, namely the North-South Corridor and the East-West Corridor. The 19.65 km long North-South Corridor will be running from Automotive Square to MIHAN, while the East-West Corridor which is 18.55 km in length will be constructed from Prajapati Nagar to Lokmanya Nagar. Total number of stations on Corridor No. 1 and Corridor No. 2 would be 17 and 19, respectively.
As per the project estimates, Rs 8,680 crore will be invested in the Nagpur Metro Rail Project, out of which Rs 1,555 crore will be contributed by the Government of India. The Government of India will contribute financially to the project in the form of subordinate debt and equity. Also, the project will receive financial support from the Nagpur Improvement Trust, the City and Industrial Development Corporation, Maharashtra Airport Development Company, Maharashtra Industrial Development Corporation and the Nagpur Municipal Corporation.
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