India

lucknow Metro project gets Cabinet nod

PTI

The Cabinet on Tuesday approved the construction of first phase of the Metro Rail Project in lucknow at an estimated cost of `6,928 crore. Chaired by Prime Minister Narendra Modi, the Cabinet approved the lucknow Metro Rail Project Phase -1A covering 22.878 km distance between Chowdhary Charan Singh Airport and Munshi Pulia with 22 stations. The cost of the project will be `6,928 crore which will be supported by the Centre with `1,300 crore in the form of equity and subordinate debt, according to a release. The project will be implemented by lucknow Metro Rail Corporation (lMRC) which will be reconstituted into a 50:50 jointly owned company of the Centre and UP Government. Out of the total route length of 22.878 km, elevated route will be 19.438 km while underground route length will be 3.440 km.