Centre clears Ahmedabad Metro.

The Central Government will contribute Rs. 1,990 crore in the form of equity and subordinate debt in the Ahmedabad Metro Rail project, which was cleared by the Union Cabinet recently. Phase-1 of the project will cover 35.96 km at a total project cost of Rs. 10,773 crore. The project will be implemented by Metro-Link Express for Gandhinagar and Ahmedabad (MEGA) Company Ltd., which will be converted into a 50:50 jointly-owned company of the Central Government and Gujarat Government.

HBL