The state Cabinet on Thursday approved modalities for the first phase of 23-km-long Lucknow Metro rail project that is likely to start by December this year and completed in three to five years.
While giving nod for establishment of the Lucknow Metro Rail (LMRC) as special purpose vehicle (SPV), the government plans an equity partnership on 50:50 with the centre for this north-south corridor.
Talking to journalists after the Cabinet meeting, chief minister Akhilesh Yadav said a decision had also been taken to expedite this ambitious project. Later, principal secretary, housing and urban planning, Sadakant said the north-south corridor would run from Amausi airport to Munshipulia via Charbagh, Vidhan Sabha Marg, Hazratganj, KD Singh Stadium, Lucknow University, IT Crossing and Badshah Nagar and Indira Nagar.
The first phase is likely to cost Rs 8,000 crore, Sadakant said, adding that apart from the 50% financial assistance from the central government, there was also a plan to approach external agencies for additional mobilization of fund. Terming the project not feasible under the public private partnership (PPP) model, Sadakant said the DMRC was also on equity share basis of 50% each with the central government. So was also the case with Chennai, Kochi and Bangalore, he said.
As per the project, there would be three underground and 18 elevated stations. Three km route from KKC College, near Charbagh, to KD Singh Stadium (Hazratganj) would be underground, Sadakant said, adding that the 23-km long alignment had now been finalized. He said the government would provide initial funds to launch the project.
“Major framework for the first phase is ready and the government will be in a position launch it on the ground by December,” Sadakant said and added that the government had decided to invite suggestions from the people for further improvement in the project. The government has identified nearly 100 acres of land of the 23rd PAC battalion in Krishna Nagar on airport road for establishment of a depot. Sadakant said the government would provide an alternative land to PAC in Mohanlalganj.
Before launching the project the government and district administration would make all possible arrangements to avoid inconvenience to the people during the work, Sadakant said.
The government has decided to adopt two central government Acts in this connection. Mumbai, Chennai, Bangalore and National Capital Region (NCR) have also adopted these legislations.
Meanwhile, housing secretary Rajiv Agarwal said the underground cost of the project would be around Rs 500 crore per km and for elevated structure it would be about Rs 200 crore per km.