Lucknow is the capital of Uttar Pradesh, the most populous condition of India. It is known for its rich cultural heritage. The present population of Lucknow city is more than 3 million. Being an essential administration and exchanging focus, Lucknow keeps on developing and draw in substantial number of individuals to the city. The quick development of the city and the related urban sprawl has highlighted the request supply crisscross in the midst of obliged open transport framework.
To fortify and contention the vehicle foundation of the city with an all encompassing multi-modular transport framework, Govt of U.P. has chosen to actualize Lucknow Metro Rail Project as an incorporated mass open transport framework that meets the versatility and availability needs of individuals of Lucknow. The DPR of Lucknow Metro Rail Project affirmed by State Govt was submitted to MoUD on 26.08.2013. MoUD has given its “on a basic level Approval of Part-1A of DPR” on 27.12.2013.
The finish cost (counting Central assessments) of Part-1A (N-S hallway) is Rs 6880 cr. according to the updated DPR submitted to MoUD on 10.10.2013. The venture is to be executed on 50:50 model (DMRC display) with value sharing by GoI and GoUP. More than half of the venture (Rs 3502 cr) is to be subsidized through senior obligation from multilateral/reciprocal organizations. The FIRR for the venture is 8.12% while the EIRR is 19.43%.
To actualize the Lucknow Metro Rail Project, an uncommon reason vehicle (SPV), Lucknow Metro Rail Corporation (LMRC) has been fused on 25.11.2013 under Companies Act, 1956. The authentication of initiation of business was issued on 24.12.2013. This Company will together be possessed by GoI and GoUP. The approved capital of the Company is Rs 2000 Cr.