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    Published On : Wed, Aug 20th, 2014
    Latest News | By Nagpur Today Nagpur News

    Modi cabinet approves Nagpur Metro rail

    Nagpur News.

    The Centre on Wednesday approved the 38.215km-long Nagpur Metro project at an estimated cost of Rs 8,680 crore.

    The project will be funded on equal sharing of cost basis between the state and the Centre with the latter contributing Rs 155 crore as equity and subordinate debt. Nagpur Metro will connect 19.658 km of north-south corridor and 18.557 km of east-west corridor.

    “The cabinet has approved the development of metro rail in Nagpur. Nagpur is a big city and is growing. Metro will add to easing the city transport there,” Telecom, IT and Law Minister Ravi Shankar Prasad announced after the cabinet meet here.

    The project is scheduled to be completed by March 2018.

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