The Centre has released 250 crore rupees for the Lucknow Metro Rail project which is a joint venture of Central and Uttar Pradesh Governments. Urban Development Ministry in a release said,with this, a total of 550 crore rupees assistance have been provided to the Metro project so far.<br/><br/>It said, Home Minister Rajnath Singh discussed the progress of Lucknow Metro with Urban Development Minister M. Venkaiah Naidu and sought its speedy implementation.<br/><br/>The 23 kilometer project is estimated to cost 6 thousand 928 crore rupees.Out of this, the Centre will provide over one thousand crore rupees as its share of equity, 297 crore rupees as Sub-ordinate Debt and 3,500 crore rupees as loan assistance.
News On AIR | December 29, 2016 4:08 PM
Centre releases Rs 250 cr for Lucknow Metro Rail project