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In a boost to public transport in the Bihar's capital city, Patna, the Centre on Wednesday, 13 February, approved the Patna Metro Rail project comprising two corridors – Danapur to Mithapur and Patna Railway Station to New ISBT.
According to the government, the project will be executed in five years with an estimated cost of Rs 13,365.77 crore.
The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi.
In a statement, the government said that the Danapur Cantt-Mithapur corridor will pass through the heart of city and connect densely populated areas such as the Raza Bazar, the Secretariat, the High Court and the Law University Railway Station.
The Patna Railway Station-ISBT corridor will connect the Gandhi Maidan, PMCH, Patna University, Rajendra Nagar, Mahatma Gandhi Setu, Transport Nagar and ISBT.
It also stated the length of Patna Station to New ISBT corridor is 14.45 km, which is mostly elevated (9.9 km) and partly underground (4.55 km) and comprising of 12 stations (9-Elevated and 3-Underground).
The existing population of 26.23 lakh of Patna agglomeration area is expected to be benefitted by the Patna Metro Rail Project directly and indirectly.
"The Project will have non-fare box revenue from rental and advertisement as well as Value Capture Financing (VCF) through mechanism of Transit Oriented Development (TOD) and Transfer of Development Rights (TDK)," it also stated.
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