The Centre has released 250 crore rupees for the Lucknow Metro Rail project which is a joint venture of Central and Uttar Pradesh Governments. Urban Development Ministry in a release said,with this, a total of 550 crore rupees assistance have been provided to the Metro project so far.
It said, Home Minister Rajnath Singh discussed the progress of Lucknow Metro with Urban Development Minister M. Venkaiah Naidu and sought its speedy implementation.
The 23 kilometer project is estimated to cost 6 thousand 928 crore rupees.Out of this, the Centre will provide over one thousand crore rupees as its share of equity, 297 crore rupees as Sub-ordinate Debt and 3,500 crore rupees as loan assistance.