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    Japan Funds Fillip To East-West Metro - Agency Inspects Sites Where Work Has Started After Years of Delay

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    bando007
    - The Japanese agency providing funds for the East-West Metro project in Kolkata, India agreed to bear part of the increased project costs, without which the project may have been uncertain. - Representatives from the Japan International Co-operation Agency visited construction sites for the project and were satisfied that work had restarted after being stalled for over 4 years due to land issues. - The cost of the East-West Metro project has increased from Rs 4,875 crore to Rs 8,996 crore due to delays, and JICA providing 46% of the original cost agreed to fund part of the additional costs.

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    Japan Funds Fillip To East-West Metro - Agency Inspects Sites Where Work Has Started After Years of Delay

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    bando007
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    - The Japanese agency providing funds for the East-West Metro project in Kolkata, India agreed to bear part of the increased project costs, without which the project may have been uncertain. - Representatives from the Japan International Co-operation Agency visited construction sites for the project and were satisfied that work had restarted after being stalled for over 4 years due to land issues. - The cost of the East-West Metro project has increased from Rs 4,875 crore to Rs 8,996 crore due to delays, and JICA providing 46% of the original cost agreed to fund part of the additional costs.

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    - The Japanese agency providing funds for the East-West Metro project in Kolkata, India agreed to bear part of the increased project costs, without which the project may have been uncertain. - Representatives from the Japan International Co-operation Agency visited construction sites for the project and were satisfied that work had restarted after being stalled for over 4 years due to land issues. - The cost of the East-West Metro project has increased from Rs 4,875 crore to Rs 8,996 crore due to delays, and JICA providing 46% of the original cost agreed to fund part of the additional costs.

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    17 views2 pages

    Japan Funds Fillip To East-West Metro - Agency Inspects Sites Where Work Has Started After Years of Delay

    Uploaded by

    bando007
    - The Japanese agency providing funds for the East-West Metro project in Kolkata, India agreed to bear part of the increased project costs, without which the project may have been uncertain. - Representatives from the Japan International Co-operation Agency visited construction sites for the project and were satisfied that work had restarted after being stalled for over 4 years due to land issues. - The cost of the East-West Metro project has increased from Rs 4,875 crore to Rs 8,996 crore due to delays, and JICA providing 46% of the original cost agreed to fund part of the additional costs.

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    Japan funds fillip to East-West Metro

    - AGENCY INSPECTS SITES WHERE WORK HAS STARTED AFTER YEARS OF


    DELAY
    Sanjay Mandal

    The Japanese agency providing funds for East-West Metro has agreed to bear a part of its
    escalated cost, an approval without which the project might have become uncertain.

    Representatives of the Japan International Co-operation Agency (Jica) visited the project's
    sites at Salt Lake's Duttabad and Howrah Maidan and a proposed station site at Esplanade on
    Thursday. They were accompanied by officials of the Kolkata Metro Rail Corporation, the
    implementing agency for the project, and the construction companies.

    The cost of East-West Metro, which will connect Sector V with Howrah Maidan, has been
    revised from Rs 4,875 crore to Rs 8,996 crore after a seven-year land logjam during which
    only 42 per cent of the work was completed.

    Jica is providing 46 per cent of the original project cost. Officials involved in the project said
    the project would have faced uncertainty if Jica did not agree to fund a part of the additional
    cost.

    "Jica representatives told us to start the formal procedure to get approval for additional
    funding. We have to send a detailed project report of the realigned route and few other
    studies to the agency," said a railway official on Thursday.

    He said Jica had earlier objected to realignment of the route and even to the project being
    divided into two phases, he added.

    After visiting the project in February, Jica officials had said it had entered "a big loop" and a
    decision on a proposed realignment of the route could be taken only after all land issues were
    addressed.

    On Thursday, Jica officials were satisfied that construction had started at places after being
    stalled for more than four years because of land-related issues, said sources.

    Officials, however, said the revised cost estimate could go up further as it did not include
    compensation claims made by various construction companies.
    The Japanese officials were told on Thursday about the need for clearance from the
    Archaeological Society of India to build tunnels near some heritage buildings.

    The revised deadline for the first phase between Sector V and Sealdah is June 2018. Railway
    officials said the internal deadline for the second phase is 2020-21.

    (Source: The Telegraph, Kolkata Edition, December 11, 2015)

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