INDORE (Metro Rail News): Indore Metro Rail Project progressed as Asian Development Bank (ADB) has approved a $190 million loan to support the development of the Indore Metro.
Phase 1 of the Indore Metro features a single corridor, the Yellow Line which spans 33.53 km connecting Palasia – Railway Station – Rajwara – Airport – Bhawarsala – MR10 – Palasia.
The approved ADB loan will finance the construction of an 8.62-kilometer underground metro line with seven stations, connecting congested areas of Indore to the airport.
The total cost of the Indore Metro Project is estimated to be USD 1,200 million. The project’s financing structure includes equal equity contributions from the Central Government and the Madhya Pradesh State Government and loans from multilateral agencies including ADB and the New Development Bank (NDB).
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