Railways Minister Suresh Prabhu on Thursday said the central government will bear the entire escalated cost of the East West metro rail project, the first phase of which is expected to be completed by 2018.
Prabhu made the announcement of bearing after meeting West Bengal Chief Minister Mamata Banerjee here.
"We have decided to remove all hurdles in East West Metro project. The escalation cost of the projects is Rs.765 crore. We will bear that," he said.
The original project cost of the 14.67-km corridor connecting Kolkata's satellite township Salt lake with Howrah, when sanctioned in 2008, was Rs.4,875.85 crore. But owing to hurdles, mainly due to land acquisition issues and realignment of the route, the cost went up.
The first phase of the project from Salt Lake to Sealdah is expected to be completed in 2018.
Centre to bear escalated East West Metro project cost: Prabhu

Category :India
More News

Nepal RSP Chief Rabi Lamichhane Meets BJP Leaders During Delhi Visit

Centre Revises Export Duty on Petrol, Diesel and ATF Effective June 1

Tiffany Trump and Michael Boulos Arrive in Agra During Private Visit to India

Kargil War Heroes of Chorbat La Remembered by Fire and Fury Corps with Pride and Gratitude

Himalayan Region to Drive India’s Next Growth Phase, Says Jitendra Singh

J&K Integral Part of India, Leaders Back MEA’s Strong Rebuttal to China-Pak Remarks; Call for PoK Return
Trending News

Sushmita Dev Resigns from Rajya Sabha and Trinamool Congress, Second TMC Exit This Week
Indian Mangoes Spark US Summer Buying Frenzy as Alphonso, Kesar Stocks Sell Out
Post Kota Maternal Deaths, Fresh Alarm as Five Women Fall Critically Ill After Child Birth in Bikaner
Infrastructure Milestone: Historic Zojila Tunnel Breakthrough Strengthens Kashmir-Ladakh Connectivity
Katy Perry, Justin Trudeau Spark Buzz With First Red Carpet Appearance at Tribeca Festival
Somali World Cup Referee Omar Abdulkadir Artan Denied Entry to United States
US Judge Blocks Trump’s $100,000 H-1B Visa Fee, Calls It an Unlawful Tax
CM Vijay Honours Praggnanandhaa with ₹50 Lakh After Norway Chess Triumph, Plays Friendly Match
Malviya Nagar Fire Tragedy: Casualty Count Climbs to 22 as Nigerian Dies During Treatment
FIR on Khan Sir: NDA Talks Tough on Coaching Mafias, Pappu Yadav Defends Educator
Top News


