For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Govt to bear additional cost of East West metro project: Min

By Religare
|

The Indian Government has said that it has decided to bear the entire additional cost of Rs 765 crore of the ongoing East West Metro Rail project, to complete the project and commission its first phase by 2018, media reported.

Commenting on the issue, Railway Minister Suresh Prabhu told the media, "We have decided to remove all hurdles in the phase II of the East West Metro project. The escalation cost of the projects is Rs 765 crore. We will bear that. In the next two weeks, the honourable CM and myself will definitely launch the project again and this is going to be the longest under-sea project."

 

"The Railways will bear the entire burden of escalated cost of Rs 765 crore and the first phase of the long-awaited East-West Metro Rail in Kolkata will be commissioned in 2018," he added.

As per reports, the projected date for the launch of the first phase of the Rs 4,875 crore project has been set as June 2018.

Story first published: Friday, August 21, 2015, 12:20 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more