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Analysis: Will the Madhya Pradesh Government, facing financial crisis, be able to fulfill Bhopal-Indore Metro Project?

Thursday - October 4, 2018 3:06 pm , Category : WTN SPECIAL
Bhopal-Indore Metro project approved by the Modi government
Bhopal-Indore Metro project approved by the Modi government

CM Shivraj Singh expresses happiness over Bhopal-Indore Metro clearance, Kamal Nath criticizes

OCT 04 (WTN) – In Madhya Pradesh, facing the financial crisis from long time, the assembly election is going to be held after a few days. In this way the Modi government has started giving ‘various gifts’ to the people of the state. The BJP, who has been enjoying power for 15 years in Madhya Pradesh, is afraid of anti-incumbency wave this time; in order to lure the Bhopal and Indore voters, the Modi government has started opening the ‘baggage of gifts’.

In the election year in the Madhya Pradesh, Modi government has given Metro Rail gift to Bhopal and Indore. According to the proposal approved in the Modi cabinet, a total of Rs 6,941.40 crore will be incurred on 27.87 km long Metro Rail route in Bhopal. There will be 31.55 km Metro Rail route in Indore. This line, formed in the form of a ring road, will cover the entire Indore in a way. A total 7,500,80 crores will be spent in the four year plan in Indore.

Both Central and state government will spend 20-20 percent in this project.  While remaining 60 percent of the remaining balance will be raised through loan. Bhopal Metro will be financed by the European Investment Finance, while the Indore Metro Project will be financed by the ADB, i.e. Asian Development Bank and New Developing Bank Finance. But the big question is, from where will the state of Madhya Pradesh get such a budget repeatedly facing the financial crisis?

For your information let you know that there was announcement by the then Urban Administration Minister of Madhya Pradesh, Babulal Gaur, for the Metro Rail Project in Bhopal and Indore. For this reason, Delhi Metro Rail Corporation had also created a DPR for Bhopal-Indore Metro Rail. But since the removal of Babulal Gaur as Urban Administration Minister, this project was delayed. According to the information, the average cost per kilometer in metro rail project has increased from Rs 150 crore to Rs 250 crore due to delays in such years.
 
Chief Minister Shri Shivraj Singh Chauhan has thanked Prime Minister Narendra Modi for the approval of Bhopal-Indore Metro by Modi cabinet. It is being said that before the election, Metro Rail project may prove to be a trump card for BJP. After amendment in the SC-ST act and unapparent stand on the promotion on reservation, the rural as well as urban voters are annoyed to the BJP. In such a way, the Metro Rail project can be called a good ‘bet’ for the BJP to woo the people living in cities like Indore and Bhopal.

Here, Madhya Pradesh Congress President Kamal Nath has described the Bhopal-Indore metro as only promise of election. Kamal Nath tweeted, "Before every election, Shivraj has come to show such dreams; this is the time for the government to go. The treasure is empty; so by which face they are showing the dream of Metro. Like every time, this announcement is also paperwork."

Modi cabinet has approved the Bhopal-Indore Metro project but it has to be seen that the Madhya Pradesh Government, which is facing financial crisis, will be able to provide necessary funds for this project. Because the way the railways refused to give rack for not paying 80 crore rupees for the purpose of Tirth Darshan Yatra train a few days ago and there was banter, then there no such thing should be happened in thousands of crore Metro Rail project.
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