Chandigarh News

Chandigarh Metro Project Cost and Other Details

A Detailed Project Report (DPR) for Chandigarh Metro Project was submitted by Delhi Metro Rail Corporation (DMRC) to Punjab Governor and Chandigarh Administrator – Mr. Shivraj Patel on 16th August 2012 by a team of DMRC officials at Raj Bhavan, Chandigarh.

This report comes after the geo-technical survey which was conducted in Chandigarh by the DMRC team to study the soil culture below the city of Chandigarh. The detailed project report contains the cost, finance plan, construction plan, feasibility and all other essential details to construct and run Metro Rail in Chandigarh.

The detailed project report for Chandigarh Metro also contains the estimated time to complete the project and the revenue model by which the city will be able to complete the money spent for this project.

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A model of the Chandigarh Metro Project placed in Governor House

Chandigarh Metro Project Cost

According to the DPR, the overall budget to develop Chandigarh Metro stands at a whooping cost of Rs 10,900 crore.

Earlier, the estimated cost given by DMRC was 8388 crore. This amount has been revised due to various factors which were not included in the project cost in the starting. Some of these factors include the cost of land to be acquired and various property and development taxes.

Chandigarh Metro Finance Plan

As per the financial models, the equity contribution from Govt. Of India and Chandigarh UT will be 25 per cent each. Remaining 50% will come from Punjab and Haryana state governments. A MOU has already been signed between the central government and governments of Chandigarh, Punjab and Haryana where each one agrees to bear 25% of the total development cost of Chandigarh Metro.

The central government has even thought of taking a loan from Japan government which will be approximately 56 per cent of the total cost. This loan amount will be equally divided between all 4 stake holders of the Chandigarh Metro namely Punjab, Haryana, Chandigarh and the Indian government.

Revenue from the property development along the metro route will also add up into finance. This has approximately been placed at 6 per cent.

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Ajay Deep

Ajay Deep is a young enthusiast who Loves Chandigarh and is always eager to make this beautiful city even more beautiful. A Mechanical Engineer By Chance and Working in an IT MNC by Choice. A Writer, Photographer and a Budding Entrepreneur. A Designer, Developer and Digital Marketing Expert. In brief : A Jack of All Trades and Master of Few :) You may reach Ajay Deep at ajay@chandigarhmetro.com