iconimg Wednesday, September 02, 2015

HT Correspondent, Hindustan Times
Chandigarh, February 05, 2013
The ministry of urban development (MUD) has sought clarifications from the UT administration regarding certain issues pertaining to the ambitious metro rail project.

Last year, the UT administration had submitted a detailed project report to the ministry for approval.

The MUD wants to know whether all the stakeholders - Punjab, Haryana and Chandigarh -- have given their approval to the project.

The UT administration has also been asked to give details of the fund-sharing formula with Punjab and Haryana. The MUD also wants to know how the required funds would be generated.

Recently, the Punjab cabinet had given its nod to the metro rail project, clearing the decks for linking Chandigarh with SAS Nagar.

According to senior officials, though Haryana has agreed to the project in principal, it is yet to give its formal approval. The administration would again be writing to Haryana on the issue.

Officials from Punjab, Haryana and Chandigarh would soon hold a meeting to discuss the project in detail. The estimated cost of the project is nearly Rs. 10,900 crore, which would be shared by the Centre, Chandigarh administration and the governments of Punjab and Haryana.

Senior officials revealed that the UT was planning to borrow from the Japan International Cooperation Agency, which also funded the Delhi metro rail project.

The total length of metro rail, covering Chandigarh, Panchkula and SAS Nagar, would be 37.57km.

The first phase would become operational by 2018, and would start earning a profit of over Rs. 11,000 crore by 2026.

The first corridor, 12.497 km long, would stretch from the Capitol Complex building to the Gurudwara Singh Saheed; the 5.076km-long second corridor would stretch from the transport terminus to the grain market in Sector 26.

As per the detailed project report (DPR) assumes that the metro would dissuade people from using personal vehicles, thereby cutting expenditure on various components -- fuel, vehicle operating cost (VOC), environmental impact, vehicular accidents, maintenance and cost of traffic infrastructure. It would also cut down the commutation time.