Business Standard
Friday, Feb 17, 2012
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
 

Kolkata metro corridor may hit Mamata hurdle
Saubhadro Chatterji / New Delhi Jun 12, 2009, 00:03 IST

The East-West corridor of Kolkata Metro rail — India’s first underwater transport project — might face delay and fresh planning as Railway Minister Mamata Banerjee has “sought details” about various aspect of the project.

The ambitious project of the Urban development ministry, pegged at Rs 4,676 crore, was originally scheduled to be completed in 2015. It is to be executed through a joint venture company of the central and the state government. Equity participation of the state and central government will be on 50:50 basis.

But soon after taking charge of the railway ministry, Banerjee had a talk with Union Urban Development Minister S Jaipal Reddy about her apprehensions. The urban development ministry is now busy preparing a “note” for Banerjee with all the details of the project.

“Only after receiving the details, we can think about implementing the project,” Saugata Roy, Trinamool Congress MP and minister of state in urban development ministry, told Business Standard today.

Roy, however, emphasised that neither his party nor his leader Banerjee is not against the project. “But the political situation in the state has changed after the project was approved. We are in the dark about the details of the project. We have to see the details of the project,” he said today.

In June 2008, the previous UPA Cabinet had approved the project to link Kolkata’s neighbouring Howrah district with the electronic hub at Salt Lake, a suburb of Kolkata. It would cover a length of 13.77 km — 8 km under ground and 5.77 km elevated on Standard Gauge. “The project will be completed in six and a half years, in two stages. The first stage of 5.77-km elevated section would be commissioned in five and a half years,” the Cabinet note said.

Apart from other issues, the Trinamool Congress leadership — which fought a fierce political battle against the ruling Left Front over land acquisition in Bengal — wants a comprehensible solution for rehabilitation of the affected people.

“The issue of rehabilitation is very important. In all the areas involving the project, the MPs belong to the Trinamool Congress. Along the proposed metro corridor, there are many business establishments of small-time traders”, Roy added.

The proposed corridor would cross the Hooghly river 32 metres below the water level, covering a stretch of 900-metre under the water bed on way to the terminal station at Howrah Maidan.

The Empowered Group of Ministers on Mass Rapid Transit System, chaired by then External Affairs Minister Pranab Mukherjee, had approved the extension of the project from Howrah station to Howrah Maidan last year. This extension would incur an additional expenditure of Rs 198 crore.

About 3,000 people are expected to get employment during the construction period and 750 will get direct jobs after it starts operation.

 

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end higher on firm global cues
- Balwa pursued 2G licence issue of Swan: witness
- Murdoch to launch new British Sunday tabloid
- Charge one-time fee on extra spectrum on prospective basis: DoT
- Reddy to visit RIL gas fields amid controversy on output dip
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Army to step up vigil in Uttarakhand
- Marico: Stepping into unchartered territory
- MCX IPO to make staff millionaires
- Sonalde Desai: Sons of the soil
- Asian stocks fall as Greek bailout delay dampens mood
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  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
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us