Punjab Governor and UT Administrator Shivraj Patil on Wednesday directed the UT Administration to expedite the work in the ambitious project of tricity metro.
While reviewing the progress of the project, Patil directed the senior UT officials to take up the matter with the neighboring State governments of Punjab and Haryana for the formation of Special Purpose Vehicle (SPV) at the earliest. A senior official of the Administration said, “Patil reviewed the progress in tricity metro project and asked the Administration to set up SPV to make progress in the project.”
So far, the three stakeholders including UT Administration, Punjab and Haryana Governments have not signed a Memorandum of Understanding (MoU) for the formation of SPV. Punjab and Haryana Governments are yet to reach a consensus on the terms and conditions of formation of SPV for the implementation of metro project.
The format of Memorandum of Understanding (MoU) sent by Ministry of Urban development (MoUD) to UT Administration and State Governments has already been discussed in several meetings however, the three stakeholders are yet to sign the MoU. The MoUD had asked the three Governments to form SPV in the month of May during a high-level meeting held in New Delhi for the tricity metro project. The tricity metro project proposes to link Chandigarh with satellite townships of Panchkula and Mohali. The total project cost of the metro will be Rs 10900 crore in the first phase. It includes development of metro project in Chandigarh portion costing Rs 8245 crore, Rs 1427 crore in Punjab portion and Rs 1228 crore in Haryana portion.