Department of Economic Affairs has granted in principle approval under the Lucknow Metro Rail Project (East-West Corridor) to raise funds worth Rs 28.84 billion from the New Development Bank.
The project involves development of a new corridor in the city spanning 11.16 km with 12 stations. Seven stations from Charbagh-Niwazganj are likely to be underground spanning 6.87 km and remaining five stations from Vasant Kunj-Thakurganj are likely to be elevated spanning 4.28 km. The project entails investment of Rs 58.01 billion.