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.
Addressing the media here Chauhan said that he is planning to bring in metro services in Indore and Bhopal and for that, he has approached the Finance Ministry.
"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.
The Madhya Pradesh government is looking for avenues to raise Rs 14,485.55 crore to implement metro rail project in Indore and Bhopal.
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.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app