Kochi got its metro on Saturday after Prime Minister Narendra Modi dedicated the first phase of the rail service to the nation. A long-cherished project of Keralites, the foundation of Kochi Metro was laid by then Prime Minister Manmohan Singh on September 13, 2012. So, in less than 5 years Kochi Metro became operational but reportedly the Indian Railways is unhappy with the pace of work in Kolkata Metro. According to a report in TOI, the average fund allocation for Kolkata Metro is just around Rs 400 crore every year for the past three years.
The Times of India quoting a top railway ministry source has reported that with the current pace of spending and execution, it will take another 17 years for the Kolkata Metro project to reach its completion. The estimated cost of 64 km of the new Metro corridor was around Rs 8,639 crore, but the total spending on the project till date is just Rs 2,018 crore in the last seven years that is mere Rs 288 crore a year, according to TOI.
The Kolkata Metro rail corridor was announced in the Rail Budget 2010-11 by then railway minister Mamata Baneerjee.
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However, Kochi Metro is considered as the fastest completed metro project in the country. Also, Bengaluru’s Namma Metro, cleared in 2006, has been running three years behind its schedule as it was supposed to be completed in 2014, according to a report in NDTV.
Inaugurated by PM Modi, Kochi Metro, the flagship transportation infrastructure project of Kerala, will start its regular operations from June 19. After cutting the ribbon at the Palarivattom station, PM Modi shook hands with the Kerala CM and Sreedharan before proceeding to board the metro train.
During the journey, PM Modi waved at the crowd as Sreedharan and Kochi Metro Rail Ltd Managing Director Elias George interacted with him.
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The estimated completed cost of the metro touched Rs 5,181.79 crore. The foundation of Kochi Metro was laid by then Prime Minister Manmohan Singh on September 13, 2012. It will improve regional connectivity and reduce traffic congestion.