Kanpur Metro to witness dynamic growth; European Bank raises funds to a hefty ₹3092 crores!

In a bid to develop the Kanpur Metro, the Central and UP state government had entered into an agreement with the European Bank to sanction an investment of ₹3092 crores. Out of this hefty funding, the Uttar Pradesh Metro Rail Corporation (UPMRC) has received the first instalment of ₹1767 crores which will boost dynamic development of the rapid transport system in the city. The Managing Director UPMRC reportedly stated that the second segment of the investment has also been approved in view of the swift establishment of the Kanpur Metro.

Kanpur Metro; forwards and upwards

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The UPMRC has ensured that the work of Kanpur Metro is not stalled due to lack of funds. In two instalments, the Kanpur Metro will receive ₹3092 crores from the European Bank. With several developments in the pipeline, the new investment will boost and ease the growth of the metro corridor mesh through the city.

Plans have been drafted to rapidly progress civil construction for the elevated metro from IIT-Kanpur to Brijendra Swaroop Park Under the UPMRC Corridor 1. Meanwhile, tenders have been assigned for the construction of work and finishing of the underground metro up to Nayaganj Metro Station (Narauna Chouraha) via Chuniganj.

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As per the plan of action, two companies from India and Turkey will join forces to further work at a cost of ₹1050 crore. Preparations of tenders for construction and tunnelling of the underground metro from Narona intersection to Express Road, Central Station, Jhakarkati bus terminal have also commenced.

This project is expected to enter the implementation phase in two months. After this, the construction work of the elevated metro corridor from the remaining section (Bakarganj intersection to Naubasta) will begin. Plans will then extend to develop Metro Corridor 2.