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Yogi Adityanath government okays metro projects worth Rs 470 billion

UP Metro Rail Corp to borrow loans worth Rs 240 billion

Yogi Adityanath
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Yogi Adityanath Photo: PTI

Virendra Singh Rawat Lucknow
The Yogi Adityanath government in Uttar Pradesh has approved three proposed metro rail projects in Agra, Kanpur and Meerut cities at an investment of almost Rs 470 billion.

The required funds would be raised through share equity, debt and borrowings from financial institutions.

The Adityanath cabinet last night put its seal of approval to the three proposed projects by approving the respective Detailed Project Reports (DPR).

The Agra, Kanpur and Meerut metro rail projects would span investment of Rs 139.36 billion, Rs 183.42 billion and Rs 148.90 billion crore respectively totalling over Rs 471 billion. The three metro services are projected to be