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Friday, June 6, 2008

Metro line under river in Kolkata

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The Centre on Thursday approved a Ks 4,676-crore Metro Rail link between Howrah and Salt Lake in Kolkata, part of which will run under the Hooghly river. Kolkata's 13.77-km east-west Metro corridor was approved by the Union Cabinet. Of the total distance, 8 km will be underground and 5.77 km elevated from Howrah to Salt Lake. It will be in two phases and will be completed in six-and-a-half-years.

The Union Cabinet gave its approval for implementation of the East-West Metro Corridor project, Kolkata, covering 13.77 km on standard gauge, from Howrah Station to Salt Lake Sector V at a cost of Rs 4,676 crores. The project is to be executed through a joint-venture company to be formed by the Central and the state government.

A special purpose vehicle (SPV) will be constituted for successful execution of the project as well as its operation and maintenance. Such SPV will be a joint-venture company of the state government and the Centre. Equity participation of government of West Bengal and government of India will be on a 50:50 basis.

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