Work yet to start, but Gurugram metro project cost is nearly double
GURUGRAM: The city’s metro project has hit financial roadblock even before breaking ground, with costs ballooning by around 90% to Rs 10,266 crore from the initially sanctioned Rs 5,453 crore. The steep rise has been attributed to a combination of reasons, including design modifications, and tax increases. The 28.5km corridor — planned to connect Millennium City Centre (MCC) and Cyber City with a spur to Dwarka Expressway — has faced multiple challenges since its conception. Although the project was sanctioned in 2023, the cost estimates were based on rates prevalent in 2019, which obviously proved inadequate against rising inflation and…
