Lucknow Metro | LMRC Board approves Rs.3502 crore loan from European Investment Bank

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Lucknow: The 3rd Annual General Meeting of the Lucknow Metro Rail Corporation Limited (LMRC) was held today under the Chairmanship of Shri Durga Shanker Mishra, Additional Secretary, MoUD, Govt of India at Administrative office of the Company. It was attended by Shri Mukesh Mittal Finance Secretary, Shri Bhuvanesh Kumar, Commissioner, Lucknow, GoUP, Shri Kumar Keshav, Managing Director, along with functional Directors of LMRC, Statutory auditor of the Company with various shareholders of the Company and other senior officials of Lucknow Metro Rail Corporation.

In Meeting, Chairman acknowledged about the advance of the Lucknow Metro Rail Project in limited ability to focus time and encouraged to get ready for feeder transport administrations to the different Metro Stations.

In AGM Shareholders received Annual report for FY 2015-16 and Fixation of Remuneration of Statutory Auditor of the Company for FY 2016-17.

In Meeting Shareholders likewise affirmed the proposition for update of Memorandum of Association (MoA) and Articles of Association (AoA) of the Company in accordance with the endorsement of the GOI to the Lucknow Metro Rail Project vide MoUD, GoI letter dated 25th January 2016 and outside subsidizing for Lucknow Metro Phase-1A extend in type of credit of Rs. 3,502/ – Crores from European Investment Bank (EIB).

Shri Durga Shanker Mishra, Additional Secretary, Ministry of Urban Development (MoUD), Government of India, today likewise went to the Lucknow Metro’s venture site alongside Transport Nagar Depot to audit the work of Lucknow Metro extend. He was joined by Shri Kumar Keshav, Managing Director, LMRC, Directors and other senior officers of Lucknow Metro Rail Corporation.

The Additional Secretary went by the Transport Nagar Metro Depot where he saw Workshop cum Inspection Bay Lines, Depot Control Center (DCC) and the LMRC’s Training (Center for Excellence for Training) and was informed about the different exercises being done there. He likewise assessed the Metro prepare and acknowledged tasteful plan of the prepare. He was likewise advised about the specialized offices of the prepare. He likewise went by the Receiving Sub-Station (RSS) in the terminal and valued the 132 KV Gas protected Sub Station introduced there.

Later, he went to at Sachivalaya underground metro passageway and was informed about the burrowing work through the Tunnel Boring Machine (TBM) for the 3.5 km underground extend interfacing the Hazratganj, Sachivaalaya and Hussainganj Metro Stations. He communicated his joy over the Metro extend and complimented Managing Director for the effective charging of the trial keep running of Lucknow Metro Train.