Maharashtra Invests ₹30 Crore in Metro Phase-II, Total at ₹607 Crore
NAGPUR: The Maharashtra government has allocated an additional ₹30 crore towards its equity contribution for the Nagpur Metro Phase-2 project. This brings the state’s total equity contribution to ₹607 crore, which constitutes over 60% of its committed share of ₹998.20 crore, following the recent approval by the urban development department. This recent allocation is part of the state’s commitment under a tripartite agreement signed in September 2023 with the Centre, the Maharashtra government, and the Maharashtra Metro Rail Corporation Limited (MahaMetro). The government document indicates that the ₹30 crore has been released as an unconditional equity contribution from the 2026-27…