First India Underwater Metro Nears Completion After Costs Double
- Kolkata Metro Rail expects to complete East-West line by 2022
- JICA-funded project cost rises to 86 billion rupees on delays
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Kolkata Metro Rail Corp. expects to complete its East-West project, which runs partly under the city’s iconic Hooghly river, by March 2022 after a delay of several years doubled costs.
The authority is awaiting 20 billion rupees ($280 million) over the next two years from the Indian Railway Board, said Manas Sarkar, managing director at KMRC. A soft loan of 41.6 billion rupees from Japan International Cooperation Agency helps fund 48.5% of the project.