The Madhya Pradesh Cabinet has approved the detailed project reports (DPRs) of the Metro rail projects for Bhopal and Indore.
These projects would cumulatively cost ₹14,485.55 crore.
Madhya Pradesh Metro Rail Company Ltd would seek a loan to the tune of 60 per cent while the state government and the Centre would share 20 per cent each of the total cost.
The state and Central governments would provide ₹2,897.10 crore each. The remaining ₹8,691.35 crore would be arranged through loan from multilateral/ bilateral funding agencies.
Two Metro corridors of 27.87 km will be laid in Bhopal. The first corridor of 14.99 km will be from Karond to AIIMS (Saket Nagar). The second corridor of 12.88 km will be from Bhadbhada Square to Ratnagiri.
There will be one corridor of 31.55 km from Rajwada to Nainod in Indore.
The projects in both the cities will begin in the next financial year.