EIB agrees to fund 480 million euros for Agra Metro Rail Project

Anushka Khare Posted on: 2021-08-10 08:15:00 Viewer: 2,920 Comments: 0 Country: India City: Agra

EIB agrees to fund 480 million euros for Agra Metro Rail Project

Agra, India (Urban Transport News): The European Investment Bank (EIB) has given its approval to provide financial assistance (loan) of 480 million euros for the construction of proposed underground section of the priority corridor of Agra Metro Rail Project. This information was shared by Kumar Keshav, Managing Director of Uttar Pradesh Metro Rail Corporation Ltd (UPMRC) while inaugrauting the casting of U-Girders for Agra Metro at Bamrauli Katara Casting Yard in Agra.

"European Investment Bank (EIB) which granted loans for the metro rail projects in Lucknow and Kanpur previously, has approved the loan process for the Agra Metro project also," said Kumar Keshav, Managing Director, UPMRC.

“Agra Metro Project was virtually inaugurated by Prime Minister Narendra Modi in the presence of Uttar Pradesh (UP) chief minister Yogi Adityanath on December 7, 2020. In just 7 months since its inauguration, Agra Metro Project team has completed 553 piles, 100 pile caps and 64 piers for the elevated section of the priority stretch of the 29.4 km long first corridor, which runs from Taj East Gate to Sikandara,” he further said.

After getting consent from EIB, UPMRC has launched a global tender for Design and Construction of Tunnel from start of underground ramp (near Fatehabad Road Metro station) to end of ramp after RBS college Metro station including seven underground metro stations (viz. Taj Mahal, Agra Fort, Jama Masjid, S.N. Medical college, Agra college, Raja ki Mandi and RBS college) including Architectural finishes, E&M, TVS, ECS etc. on Corridor-1 of Agra Metro Project on August 5, 2021.

Agra Metro will have two corridors which will pass through heart of the city and will connect prominent tourist places including Taj Mahal, Agra Fort and Sikandra as well as ISBT, Raja Ki Mandi Rly Station, Medical College, Agra Cantt. Rly Station, Collectorate, Sanjay Place, and surrounding densely populated residential areas.

The length of Corridor 1 (Sikandra to Taj East Gate) will be 14 km, which is partly elevated and partly underground and comprises 13 Stations (6-Elevated and 7-Underground). The length of Corridor 2 (Agra Cantt to Kalindi Vihar) will be 15.40 km comprising 14 stations all elevated.

The estimated cost of the project is Rs 8,379.62 crore and the project will be completed in five years.

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