ADB loan in the offing for Jaipur Metro

The Jaipur Metro Rail Corporation will shortly obtain loan worth Rs.969 crore from the Asian Development Bank for completion of work on a portion of its corridor in the Walled City here. The first phase connecting the Mansarovar residential colony with Chandpole is likely to start by July next year.

JMRC Chairman & Managing Director Nihal Chand Goyal said during an interaction with an ADB team, currently on a visit to Jaipur, that the loan would be utilised for completion of Phase 1-B between Chandpole and Badi Chaupad. Land needed for laying of rail tracks has been acquired and the displaced people have been rehabilitated, he said.

The ADB team will visit the construction sites of Jaipur Metro and study the project’s financial viability, land acquisition, steps to deal with the impact on environment and social outcomes of the project. Team leader, senior transport specialist D. K. Lee, and members Meenakshi Ajmera and Janes Abraham interacted with the JMRC officers.

Mr. Goyal threw light on the significance of the State Government’s “dream project” in view of the city’s increasing population, detailed project report, historical, geographical and architectural legacy of Jaipur and traffic conditions in the city. The ADB team is likely to consider various dimensions of the metro project during its six-day visit.

Metro Chief General Manager Atul Gadgil, making a presentation on the project, said a special emphasis had been laid on maintaining the quality of construction works. To compensate for the felling of trees for the project, the JMRC will take up plantation in a five-hectare area and conserve the plants for the next three years.

The ADB loan, if sanctioned, is likely to be released next year. JMRC Director (Corporate Affairs) Sushmita Srivastava and Director (Finance) Sanjay Solanki were among those present at the interaction.