Business Standard
Sunday, May 27, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

East-West Metro project to be completed by 2014
BS Reporter / Kolkata Feb 23, 2009, 00:14 IST

Continuing with his heavy-weight infrastructure projects announcement over the past one week, West Bengal chief minister, Buddhadeb Bhattacharjee, today laid the foundation stone of the Rs 4874.58 crore East-West Metro corridor project, the first such transportation project in the country running under a major river.

The underground corridor starts from Howrah Station and will cross the river Hooghly at a depth of 60 feet from the water level. The proposal to extend the metro alignment up to Howrah Maidan from Howrah Station covering an additional length of 900 meters at an additional cost of Rs198.58 crore was sanctioned by the Centre's committee of empowered ministers last Thursday. Government of India is funding Rs1,169 crore for the project through equity and subordinated debt, while the state government is spending around Rs1,452.58 crore and the remaining Rs2,253 crore is coming from the Japan International Cooperation Agency (JICA) as senior term debt loan.

 
The 13.77 kilometer(km) long East-West Metro corridor would run from Salt Lake Sector V, the IT hub of the city, up to Howrah Maidan. Of this, around 8 km is underground with six stations and the balance 5.77 km will be on an elevated track. There would be 12 stations in all that would connect the city's Central Business District(CBD), Dalhousie, with a station near the Secretariat(Writers' Building) with the extreme eastern and western fringes.

"The Kolkata Metro Rail Corporation(KMRC) has been been registered as a joint venture company with equal equity participtation from the Centre and the state government in July last year," Bhattacharjee said. "It has already started issuing work orders and tenders," he added. Tender for the six km elevated corridor at Salt Lake was awarded to Gammon India Ltd on February 20, informed Sumantra Chowdhury, state transport secretary and also the managing director of KMRC."Work would start in a fortnight's time. We have also appointed a Hong Kong-based consortium as project consultants, and with their help we plan to issue tenders for the 9km long underground tunnel by September this year," Chowdhury said adding that the KMRC was keen to ready the stretch between Salt Lake to Sealdah by 2012. The deadline for completion of the entire project is October 2014.

Net land requirement for the metro corridor is around 22.6 Hectares(Ha), of which 21.52 Ha is government land and the remaining 1.08 Ha is private land. "The number of project-affected persons is 432, and a rehabilitation plan has already been finalised for them," Bhattacharjee said.

The base fare for the East-West Metro corridor is Rs8 and would go up to Rs16 depending on distance travelled. Nearly 23,000 passengers are expected to travel on the route everyday and the number would go up to 5 lakh commuters in a year. Initially, there would be one train every 3.5 minutes, and eventually the frequency would increase up to one train every 2.5 minutes by 2031.

Addressing the meet, External Affairs minister, Pranab Mukherjee, announced that Kolkata would get 1,200 new buses with funding help from the Centre. Of these, 900 would be low-floor and the remaining semi-low floor buses. "The Centre would bear Rs125 crore of the total cost of Rs365 crore for these buses, and the rest would come from different agencies.", Mukherjee said. Also, Asansol would also have 100 new buses at a cost of Rs 22 crore. Centre would fund around Rs11 crore.

Incidentally, the chief minister was shown black flags by women activists of Trinamool Congress when he was arriving at Salt Lake Stadium for the foundation stone laying ceremony today.Members of the women's wing of Bidhannagar Block Trinamool Congress alleged that the foundation stone laying programme was a ploy to woo voters ahead of the general elections.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Turbulence ahead for airlines despite oil price drop
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- India to guarantee safe gas transit from Tapi
- Air India pilots wanted a halt to command training of IA pilots
- Pak players likely to be part of IPL 2013
- EGoM to now decide on base price for spectrum auction
- New power equation in BJP
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us