EIB agrees to fund 480 million euros for Agra Metro Rail Venture

Agra, India (City Transport Information): The European Funding Financial institution (EIB) has given its approval to offer monetary help (mortgage) of 480 million euros for the development of proposed underground part of the precedence hall of Agra Metro Rail Venture. This info was shared by Kumar Keshav, Managing Director of Uttar Pradesh Metro Rail Company Ltd (UPMRC) whereas inaugrauting the casting of U-Girders for Agra Metro at Bamrauli Katara Casting Yard in Agra.

“European Funding Financial institution (EIB) which granted loans for the metro rail tasks in Lucknow and Kanpur beforehand, has accredited the mortgage course of for the Agra Metro challenge additionally,” stated Kumar Keshav, Managing Director, UPMRC.

“Agra Metro Venture was nearly inaugurated by Prime Minister Narendra Modi within the presence of Uttar Pradesh (UP) chief minister Yogi Adityanath on December 7, 2020. In simply 7 months since its inauguration, Agra Metro Venture workforce has accomplished 553 piles, 100 pile caps and 64 piers for the elevated part of the precedence stretch of the 29.4 km lengthy first hall, which runs from Taj East Gate to Sikandara,” he additional stated.

After getting consent from EIB, UPMRC has launched a world tender for Design and Development of Tunnel from begin of underground ramp (close to Fatehabad Street Metro station) to finish of ramp after RBS school Metro station together with seven underground metro stations (viz. Taj Mahal, Agra Fort, Jama Masjid, S.N. Medical school, Agra school, Raja ki Mandi and RBS school) together with Architectural finishes, E&M, TVS, ECS and so on. on Hall-1 of Agra Metro Venture on August 5, 2021.

Agra Metro can have two corridors which can cross via coronary heart of town and can join outstanding vacationer locations together with Taj Mahal, Agra Fort and Sikandra in addition to ISBT, Raja Ki Mandi Rly Station, Medical School, Agra Cantt. Rly Station, Collectorate, Sanjay Place, and surrounding densely populated residential areas.

The size of Hall 1 (Sikandra to Taj East Gate) will probably be 14 km, which is partly elevated and partly underground and contains 13 Stations (6-Elevated and 7-Underground). The size of Hall 2 (Agra Cantt to Kalindi Vihar) will probably be 15.40 km comprising 14 stations all elevated.

The estimated value of the challenge is Rs 8,379.62 crore and the challenge will probably be accomplished in 5 years.

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