French lender AFD extends loan of Rs 1700 Crore for phase II

The Gujarat Metro Rail Corporation (GMRC) and the French Development Agency (AFD) signed a loan agreement on October 19 for the financing of phase II of the Ahmedabad metro.

Backed by funding of over Rs 1,700 crore from the French Development Agency, Phase II will extend the metro to Gandhinagar, the capital of Gujarat.

The GMRC, which is constructing the Ahmedabad Metro, is an equal joint venture between the Government of India and the State Government of Gujarat.

Stage 1

Phase 1 of the Ahmedabad Metro project spans approximately 40.03 km and connects the four corners of the city of Ahmedabad with 2 corridors and 32 stations.

The 18.87 km north-south corridor connects APMC Vasna with the Motera stadium and is completely elevated with 15 stations.

The east-west corridor between Thaltej Gam and Vastral Gam (total length 21.16 km) has 17 stations. This corridor also has a 6.6 km underground section with four stations and the rest is the elevated section with 13 elevated stations.

Phase 2

The second phase of the project will connect the state capital Gandhinagar to Ahmedabad, which will basically be the expansion of the first phase.

Phase II of the Ahmedabad Rail Metro project is 28.25 km long with two corridors. Corridor 1 is 22.8 km long and runs from Motera Stadium to Mahatma Mandir in Gandhinagar with 20 stations.

Corridor 2 is 5.4 km long and runs from Gujarat National Law University (GNLU) to GIFT City with two stations.

All of Phase II will take place on an elevated road. The total cost of completing the Phase II project is Rs 5,384 crores.

The Union government had approved the Phase 2 project in February 2019. Prime Minister Narendra Modi laid its foundation stone on March 4, 2019. Construction work started in February 2021.

Subway funding

The first phase of the Ahmedabad metro project was partially funded by the Japan International Cooperation Agency (JICA).

JICA provided an official development assistance (ODA) loan of Rs. 6,066 billion for Phase 1 on concessional terms including an interest rate of 1.4% and a repayment period of 30 years (including including a 10-year moratorium).

The entire Phase 1 project was constructed at a cost of over Rs 12,900 crores.

Staggered opening

Phase 1 of the Ahmedabad metro, which includes east-west and north-south corridors, was inaugurated by Prime Minister Narendra Modi on September 30.

The East-West Corridor had been partly operational since March 2019, when Prime Minister Modi inaugurated a 6.5 km stretch of the corridor between Vastral Gam and Apparel Park.

Despite the inauguration, Phase 1 works are not expected to be completed until March 2023. Incomplete sections include a 1.4 km section between Thaltej and Thaltej Gam, the westernmost section of the East Corridor- west.

The other incomplete parts are Kankaria East Metro Station and Sabarmati Metro Station (which will provide one of two crucial interconnections for passengers traveling on the planned High Speed ​​Rail and Indian Railways network).

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