India agrees loan agreement for Surat metro project

0

The Indian government has entered into a loan agreement of 498.02 million dollars (442.26 million euros) with the German Development Bank – KfW (Kreditanstalt für Wiederaufbau) for the execution of the Surat Metro Rail project in the Indian state of Gujarat.

The total cost of the project has been estimated at $1.69 billion (€1.5 billion), of which KfW is providing $498.02 million.

The French Development Agency AFD (French Development Agency) will also co-finance the project.

The Indian government reached an agreement with the AFD for 281.52 million dollars (250 million euros) in January this year.

Covering a distance of 40.35 km, the Surat Metro project aims to improve the region’s transport infrastructure.

In a statement, India’s Ministry of Finance said: “The project also aims for an integrated multi-modal transport system in the metro corridor influence area to provide first and last mile connectivity and better system access. metro. In addition, solar energy will be harnessed at the two Surat Metro depots. »

Content from our partners
Four Principles for Harnessing Data for Asset Management
The Green Transportation Revolution: An Unprecedented Opportunity to Invest in the Future

The project is expected to provide “reliable and safer public transport” and reduce long delays on major travel corridors in Surat city.

Separately, Indian Railways has identified nearly 1253 stations for overhaul under the Adarsh ​​station program.

Of these, 1,211 stations have been renewed while the rest are expected to be upgraded during the 2022-23 financial year.

Works include station entrance ramps for the physically disabled and elderly, improvements to platform surfaces and station building facade, station lighting and cleaning, etc

Earlier this month, work started on the proposed Bhairabi – Sairang railway line in the Indian state of Mizoram.

Related companies

Share.

Comments are closed.