METRO RAIL PROJECT IS APPROVED FOR BHOPAL & INDORE

Government of India approved metro projects in two cities in the state of Madhya Pradesh – Bhopal and Indore. Total estimated cost of the project in both cities is around INR 145 billion (US$ 2.1 billion) and the project will be partly funded by the central government.

Government of Madhya Pradesh constituted a SPV namely Madhya Pradesh Metro Rail Co Ltd. (MPMRCL) for implementation of the metro rail projects in the state and Hon’ble Chief Minister is the Chairperson of this company. Detailed Project Reports for both the projects have been prepared in accordance with the requirements of the cities.

 

Bhopal Metro Rail Project comprising two corridors of total length 27.87 km -- Karond Circle to AIIMS (14.99 Km) and Bhadbhada Square to Ratnagiri Tiraha (12.88 Km) which will connect major public nodes and city cluster areas of Bhopal. Corridor 1 (Karond to AIIMS corridor) is mostly elevated and partly underground (at Bhopal Railway Station & Bus Station) and comprises 16 Stations (14- Elevated and 2-Underground) while Corridor 2 (Bhadbhada to Ratnagiri Tiraha) is comprising of 14 stations all elevated. The estimated cost of the project is INR 70 billion (US$ 1 billion) and will be completed in four years (2018-2023). The financing of Bhopal Metro Rail Project will be partly from Central and Madhya Pradesh governments on equal equity basis and partly as loan from European Investment Bank (EIB).
 

Indore Metro Rail Project comprising Ring Line of length 31.55 Km from Bengali Square - Vijay Nagar - Bhawarsala - Airport - Patasia - Bengali Square which will connect major public nodes and city cluster areas of Indore. The number of Stations on the Ring Line are 30 and the estimated cost of the project is INR 75 billion (US$ 1.1 billion) and the project will be completed in four years (2018-2023). The financing of Indore Metro Rail Project will be partly from Central Government and State Government of Madhya Pradesh on equal equity basis and partly as loan from Asian Development Bank (ADB) and New Development Bank (NDB).