Guwahati, February 23 (IANS): The Assam cabinet has approved the project report for a Mass Rapid Transit System for Guwahati, and the setting up of the Guwahati Metro Rail Corporation Limited.
Chief Minister Tarun Gogoi will lay the foundation stone for the Metro project in Khanapara area on February 29, a statement issued by the Chief Minister's Office informed. The state cabinet under Gogoi's chairmanship approved the detailed project report (DPR) for the MRTS and the setting up of GMRCL for implementing the project on Saturday. The statement issued on Tuesday said the 203 km Metro corridor will be completed in three phases. Phase I will cover a length 61.4 km, and will have four corridors -- Dharapur-Narangi (elevated), M.G. Road to Khanapara (underground), Jalukbari to Khanapara (elevated) 19.4 km and ISBT to Paltanbazar (elevated).
The projected cost including land is estimated at Rs.18,020 crore.
While the Assam government and central government will share 20 percent each of the total cost, local bodies will contribute Rs.350 crore, while the remaining Rs.10,074 crore will be funded through soft loans from funding agencies with guarantees from the central government.
