• About Us
  • Contact Us
  • Our Team
  • Advertising
  • Privacy Policy
  • Terms of Service
Saturday, August 1, 2026
Lake City Times
No Result
View All Result
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper
No Result
View All Result
Lake City News
No Result
View All Result
Home Top News

Source of funding ‘major challenge’ for JK’s mega metro project

Project cost close to Rs 11000 Cr; formalities finalised: MRTC Official

LCT Desk by LCT Desk
December 9, 2022
in Top News
Reading Time: 2min read
A A
Share on FacebookShare on TwitterWhatsappTelegram

Owais Gul

Srinagar, Dec 8: The much awaited J&K’s mega metro project set to come up at the whopping Rs 11,000 Crore is set to begin but the technical glitch is that the sources of funding are yet to be explored to set the ball rolling
Mass Rapid Transit Corporation (MRTC) has completed all the formalities and have also sent the Detailed Project Report (DPR) in this regard.
An official not authorised to speak to media, on the condition of anonymity said that the DPR submitted for the metro rail projects are still in the approval process as the involvement of huge funds remains the reason for the delay in the project.
“There is a lot of funding involved for the mega project and there is a need to find the sources of funding as well. This is something we are looking at…,” the official said, adding that nonetheless the project is well created and well made.
“The alignments and other mandatory processes are well designed and created. They are touching on urban hubs, which require a modern urban mobility planning. Everything has been kept in mind and the DPR has been submitted in this regard,” sources, privy to the project said.
Sources said that everything has been finalized by the MRTC, but the project has not been approved yet and would likely take some more time to get approved. “The ball is in the court of the Government of India now. The project can be carried forward only after the nod of the union government,” they said.
Pertinently, the Jammu and Kashmir government had submitted a Detailed Project Reports (DPR) of Rs 10, 599 crore for the metro rail projects in Jammu and Srinagar to the centre for the approval, which include Rs 5,734 crore for Srinagar and Rs 4,825 crore for Jammu.
Notably, on completion, Srinagar and Jammu will become the first two non-major cities in India to have the rapid transport network functional.
As per the project, Jammu Light Metro will operate 17 hours a day round the year while Srinagar Light Metro will operate 17 hours daily during summers and 14 hours daily for winters.
The metro rail lines will have only elevated corridors as the underground tunnels were not found feasible. The coaches of the Metrolite system will be modern, lightweight and made from stainless steel and aluminium with an air-conditioning system, as per the DPRs.
The Jammu Light Rail System will have a 23-kilometre length with 22 stations between Bantalab and Bari Brahmana whereas Srinagar light rail system will have a 25-kilometre length which includes a 12.5-kilometre length from Indira Nagar to HMT Junction and 12.5-kilometer length from Hazuri Bagh to Osmanabad with 24 stations (12 stations on each corridor).

READ ALSO

Future belongs to youth who see possibilities, not boundaries: Lt Governor

Non-local worker shot dead, another injured in Kulgam

Related Posts

Top News

Future belongs to youth who see possibilities, not boundaries: Lt Governor

August 1, 2026
Future belongs to youth who see possibilities, not boundaries: Lt Governor

Jammu, Jul 31: Stating that the future belongs to youth who recognise possibilities, not boundaries, Lieutenant Governor Manoj Sinha on...

Read more
by LCT Desk
0 Comments
Top News

Non-local worker shot dead, another injured in Kulgam

August 1, 2026
Two civilians shot dead in Bijbehara

Kulgam, Jul 31: One non-local worker was killed and another sustained injuries after unidentified gunmen opened fire on them in...

Read more
by LCT Desk
0 Comments
Top News

Amarnath Yatra suspended from Baltal route

August 1, 2026
Preparations for Amarnath Yatra begins

Srinagar, Jul 31: The annual Amarnath Yatra was suspended from the Baltal route on Friday due to inclement weather and...

Read more
by LCT Desk
0 Comments
Top News

Heavy rains trigger flash floods in Kashmir parts

August 1, 2026
J&K braces for 3-day wet spell from today

Srinagar, Jul 31: Heavy overnight rainfall triggered flash floods in parts of north Kashmir on Friday, inundating roads and a...

Read more
by LCT Desk
0 Comments
Top News

India’s highest power loss stays in Kashmir

August 1, 2026
Can J&K, Ladakh’s power grids withstand 5.5 per cent power reserve margin?

Srinagar, Jul 31: The power distribution company of Kashmir has recorded the highest electricity losses in India for the third...

Read more
by LCT Desk
0 Comments
Top News

80 per cent utilization mandatory before seeking balance funds: Finance dept

August 1, 2026
80 per cent  utilization mandatory before seeking balance funds: Finance dept

Jammu, Jul 31: In a significant move to regulate the release of balance budgetary allocations and expenditure during the last...

Read more
by LCT Desk
0 Comments
Next Post
10000 pilgrims register for Hajj from JK, Ladakh: Officials

In a first, two lakh Indian Muslim pilgrims to perform Hajj 2023

  • About Us
  • Contact Us
  • Our Team
  • Advertising
  • Privacy Policy
  • Terms of Service

© 2021 Lake City Times - Premium theme by GITS.

No Result
View All Result
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper

© 2021 Lake City Times - Premium theme by GITS.