Public Investment Board approves Rs 2,092 crores Nashik MetroNeo Project

Naomi Pandya Posted on: 2021-03-26 17:27:00 Viewer: 4,054 Comments: 0 Country: India City: Nashik

Public Investment Board approves Rs 2,092 crores Nashik MetroNeo Project

Nashik, India (Urban Transport News): The Public Investment Board (PIB) which is working under the Ministry of Finance, Government of India on Thursday approved the Maha Metro's ambitious Nashik Metroneo project.

"Public Investment Board (PIB) clears Nasik MetroNeo Project proposal sent to Government of India for approval. The Project has 2 corridors with a network of 33 km with 30 stations. It proposes an investment of ₹2,092 crore Maha Metro to execute the Nasik MetroNeo Project," said an official statement issued by Maharashtra Metro Rail Corporation Ltd (Maha Metro).

The MetroNeo system will provide commuters improved connectivity & travel experience at par with conventional metros i.e. comfort, convenience, cost-effectiveness, punctuality, safe & environment friendly. In the same breath, Nashik has recently been the centre of major infrastructural developments in Maharashtra.

On February 1, 2021, Union Finance Minister Smt. Nirmala Sitharaman during her Union Budget speech announced a budgetary provision of Rs 2,092 crores for the Nashik Metro Neo Project.
While presenting the Budget, the Minister said that Government plans to deploy two new technologies i.e. ‘MetroLite’ and ‘MetroNeo’ to provide metro rail systems at a much lesser cost with the same experience, convenience, and safety in Tier-2 cities and peripheral areas of Tier-1 cities.   
The concept of Metro-Neo was formulated after a very extensive and comprehensive technical consultation, interactions, and due diligence with several stakeholders/technical experts. The system is eco-friendly, energy-efficient, reliable, safe, and capable of providing an efficient mass public transport system which is ideally suitable for the traffic need of cities having population similar to Nashik in India as well as similar cities abroad.
The government of India has been contemplating for a long to find an optimal transport solution for cities with having a population of 2-3 million since appropriate MRTS has not been explored anywhere in India.  The model developed for Nashik was discussed on various forums and finally, the Govt. of India on 21st August 2019 constituted a committee under the chairmanship of Dr. Brijesh Dixit, Managing Director/Maha-Metro for standardization of detailed specifications for a Rubber-Tyred Mass Rapid Transportation System with a view to implementing this across India.
Initially, two corridors have been planned under the Metro Neo project in Nashik city:
Gangapur to Mumbai Naka: This corridor would be 10 km long with 10 stations at Gangapur, Jalapur, Ganpat Nagar, Kale Nagar, Jehan Circle, Thatte Nagar, Shivaji Nagar, Panchavati, CBS and Mumbai Naka.
Gangapur to Nashik Road: This corridor would be 22 km long with 15 stations at DHRUV Nagar, Shramik Nagar, Mahindra, Shaneshwar Nagar, Satpur Colony, MIDC, ABB Circle, Parijat Nagar, MICO circle, CBS, Sharda Circle, Dwarka Circle, Gayatri Nagar, Samta Nagar, Gandhi Nagar, Nehru Nagar, Datta Mandir and Nashik Road.
CBS will be an interchange station where both the corridors meet.
For more details, please explore the Nashik Metro Neo page of Urban Transport News.

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