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Madhya Pradesh Chief Minister Shivraj Singh Chauhan on Wednesday met Union Finance Minister Arun Jaitley and put forth the proposal of borrowing funds from the European Investment Bank (EIB) and Asian development Banks (ADB) for Indore and Bhopal rail projects.
"We want metro rail project for Indore and Bhopal. We have put forth a request for loan in front the European investment bank and Asian development Banks for building Metro for Indore and Bhopal respectively. So I have urged the Finance Minister to pitch for us and he has assured us that they will provide whatever assistance is needed,' said Chauhan.
Last December, the government approved the detailed project report (DPR) which envisages Rs 14,485.55 crore investment to put in place the rapid transport system in the two main cities of the state.
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