After JICA, ADB shows interest in funding for Patna Metro Rail Project

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After JICA, ADB shows interest in funding for Patna Metro Rail Project

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Patna, India (Urban Transport News): Asian Development Bank (ADB) officials recently met officials of Patna Metro Rail Corporation Limited (PMRC) to discuss the progress of the ongoing metro rail project in Patna city. They are now ready to offer financial support for the implementation of metro corridors and future expansion of the alignment.

“Representatives of ADB met PMRC officials to discuss the ongoing metro rail project work and its progress and offered the state to take loans from them instead of elsewhere. But we have already signed MoU with Japan International Corporation Agency (JICA) and looking forward to get loan soon. ADB stands ready to offer support for further expansion of metro lines, stations and alignments and made a proposal in the first round of meetings with them. If all goes well then we can plan for possible expansion of Metro.

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Sources said the Department of Urban Development and Housing (UDHD), ADB is already working with the state government on various urban development projects. So far, the PMRC has acquired around 80% of the land required for the project as most of the land belongs to the state government, while a major piece of land for the construction of the ISBT Metro depot will be acquired in the next few months. 76 acres of land in Ranipur and hilly area will be used for construction of ISBT metro stations and depots. Bihar government has already sanctioned one thousand rupees for land acquisition.

“JICA officials had recently visited the site and met PMRC officials to discuss the future course of action. The issues related to land acquisition were already resolved and we will soon get funds from JICA. We are hoping to get the loan. Even if it is delayed, we will have other options for the loan,” the officials said.

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According to officials, work is already underway on a 6.1 km elevated stretch (known as priority corridor) of Corridor 2 from Malhi Pakri to ISBT, which includes Malhi Pakri, Khemnichak (an interchangeable station), Bhootnath, Zero Mile and includes five stations. ISBT

“112 pillars have been erected from Malahi Pakri to Bhootnath, while a total of 210 pillars will be developed for the elevated network of Corridor II. Piling work has also started from Zero Mile to ISBT, which is likely to be ready by December 2022 The construction of twin tunnels, underground ramps at Rajendra Nagar and six underground stations from Rajendra Nagar to Akashvani, which is also a part of Corridor II, will start after funds are allocated,” the officials said.

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estimated cost of Patna Metro Rail Project 13,365.77 crore (excluding land acquisition cost, which is to be borne by the State Government). The central and state governments will each bear 20% of the project cost and the remaining 60% will be taken as loan from JICA.

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