UP Government to bear initial Funding of upcoming Lucknow Metro project

LUCKNOW: Despite many efforts to gain financial aid from the Central government, the state government has still not got approval for initial funding of the metro project in Lucknow. As per officials, the initial funding of the first phase of the metro corridor would be exclusively funded by the state government and other departments.

The metro cell, meanwhile has increased its activities to begin the construction work in reality. The stretch running from Amausi to Alambagh of up to 7 kms would be made in the first phase which would be exclusively funded by the state government.

A hi-power committee meeting headed by the chief secretary Jawed Usmani took this decision. He affirmed that the metro cell has already forwarded the DPR of metro to the Central Government fro approval. He instructed officials to begin work in the first phase of metro North South Corridor on an urgent basis.

It was decided that UP Housing and Development Board, Lucknow Development Authority and UP Industrial Development Corporation would provide funds worth Rs 200 crore, Rs 100 crore and Rs 50 crore respectively in the next three financial years to aid the special purpose vehicle- Lucknow Metro Rail Corporation (LMRC), meant to execute the project.

The committee also decided that funds accruing from the property development of 150 acres of Chak Ganjaria farms can be be used for developing metro project. A final decision on this would be taken by the Up CM, Akhilesh Yadav.

The committee has also approved the recommendations of the committee’s report headed by the principal secretary of home on the design of metro depot for N-S corridor inside the 32nd battalion of PAC campus. Accordingly, the home department would transfer about 52 acre land inside the PAC campus to the metro rail corporation.