Patna, Dec 17 : The Bihar Urban Development Authority (BUDA) on Friday sanctioned Rs 500 crore for the Patna Metro rail project and after this month, the amount will be used to compensate villagers whose land has been acquired.
A total of Rs 726 crore will be given to the land owners.
The BUDA has acquired 76 acres land for the project.
Details of the sanctioned amount were given by Satish Kumar Singh, special secretary of Bihar Housing Development Authority (BHDA) and BUDA.
He has also informed accountant general of Bihar about the same.At present, the construction of the project is currently underway from Malahi Pakadi to ISBT Patliputra elevated corridor having length of 6.6 km and five stations — Khemnichak, Bhutnath, Zero Miles, Malahi Pakadi and ISBT Patliputra.The project is having estimated cost of Rs 13,000 crore with state and Centre’s contribution — 20 per cent each, while the rest 60 per cent amount will be taken as loan from different financial institutions.ajk/svn/ksk/
BUDA sanctions Rs 500 cr for Patna Metro rail project
Satish Kumar Singh (special secretary, Bihar Housing Development Authority) and BUDA gave details about the amount sanctioned. He also informed the accountant general in Bihar of this matter.
The construction is underway at the moment from Malahi Pakadi towards ISBT Patliputra elevated route with length of 6.6km and five stations — Khemnichak and Bhutnath; Zero Miles; Malahi Pakadi, ISBT Patliputra.
Project estimated at Rs 133,000 crore.Centre and state contribute 20 percent each.
The remaining 60 percent will come from various financial institutions.
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