INDORE (Metro Rail News): Madhya Pradesh cabinet approved ₹19,472.29 Crores for Indore Metro Rail Project’s revised budget and additional financial costs on Tuesday (16th June). The revised budget was approved in the meeting of the state cabinet, chaired by the Chief Minister Mohan Yadav. The original estimated cost of the Indore Metro, as per the press release from 03rd October 2018, was ₹7,500.80 Crores.
The budget, however, increased by ₹5,388.58 Crores and reached ₹19,472.29 after totaling the additional financial costs. The budget increased because over time, there was integration of projects to meet the demands of new infrastructure and underground construction. The additional financial costs include the purchasing power parity (PPP) element over time and the internal borrowings.
The Indore Metro was launched on 31st May 2025, with five stations covering six kilometers. In the first one year of its operation, the metro registered an underwhelming number of around 2.5 lakh commuters. The Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) is set to open the second phase of Indore Metro on 20th June. This phase will add 11 new stations covering 17.50 kilometers up to Radisson Square. It will connect the metro with the commercial hub of the city and is expected to attract more passengers.
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