Kolkata Metro Rail Corporation (KMRC) is a Government of India enterprise formed in 2008. The agency was formed to oversee the implementing Kolkata Metro Line 2, also known as East West Metro, connecting the twin cities Kolkata and Howrah. The under construction metro rail route will be partly underground including the part that will be under the river Ganges. The 16.6 km route will have six station each in underground and elevated portions. The terminal stations will be Salt Lake Sector V and the Howrah Maidan.[1] The elevated stretch started operations on 13 February 2020.
On 29 September 2010, it was decided that Govt. of West Bengal will withdraw all its shares from KMRC, and Govt. of India will be the shareholder of KMRC along with JICA. Thus Govt. of West Bengal gave all its shares to the Ministry of Railways, and making Kolkata Metro a central government entity again.[1]
Current status
The current shareholders are given below-
Ministry of Railways 74% (including the shares of Govt. of West Bengal)
Ministry of Housing and Urban Affairs 26%
As of 31 March 2017, equity holding details-
Ministry of Railways– ₹721.50 crore (US$90 million) (68.03%)
Ministry of Housing and Urban Affairs– ₹339 crore (US$42 million) (31.97%)[1][2]
Hurdles faced
The main problem that were faced by KMRC was regarding land. Most of the places, non-availability of land led to delay in the project multiple times. Some of them are mentioned below-
Land issue for construction of a new Central station for Line 2, thus leading to route realignment.
Land issue in Duttabad for erection of piers of elevated stretch, and leading to resurveying of the stretch by RITES
Land and rehabilitation issues in construction of Mahakaran station and so shifting the station location.
Other issues were-
Delay in finalisation of the newly aligned route from Sealdah to Howrah.
Improper and irregular flow of funds
Traffic diversion related problems also led to delays[2]
kolkata, metro, rail, corporation, more, about, east, west, metro, kolkata, metro, line, another, owner, kolkata, metro, metro, railway, kolkata, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations. For more about East West Metro see Kolkata Metro Line 2 For another owner of Kolkata Metro see Metro Railway Kolkata This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Kolkata Metro Rail Corporation news newspapers books scholar JSTOR October 2019 Learn how and when to remove this template message Kolkata Metro Rail Corporation KMRC is a Government of India enterprise formed in 2008 The agency was formed to oversee the implementing Kolkata Metro Line 2 also known as East West Metro connecting the twin cities Kolkata and Howrah The under construction metro rail route will be partly underground including the part that will be under the river Ganges The 16 6 km route will have six station each in underground and elevated portions The terminal stations will be Salt Lake Sector V and the Howrah Maidan 1 The elevated stretch started operations on 13 February 2020 Kolkata Metro Rail Corporation KMRC Pride of twin citiesTypePublic transportFounded2008 2008 HeadquartersKMRCL Bhawan HRBC Complex 2nd amp 3rd Floor Munsi Premchand Sarani Kolkata West Bengal IndiaArea servedKolkata HowrahKey peopleShri Chandeshwar Nath Jha Electrical Engineer Managing wbr Director Smt Chandrima Roy Chief wbr Vigilance Officer ServicesMetro transportation servicesOwnerGovernment of IndiaWebsitewww wbr kmrc wbr inDay one of the East West Metro Kolkata on February 13 2020 A Kolkata East West Metro rake Contents 1 Ownership 1 1 History 1 2 Current status 2 Hurdles faced 3 See also 4 References 5 External linksOwnership EditHistory Edit KMRC was formed as a joint venture company between two govt bodies i e Government of West Bengal and Government of India on a 50 50 partnership basis Ministry of Urban Development now renamed as Ministry of Housing and Urban Affairs holds the shares on behalf of Govt of India On 29 September 2010 it was decided that Govt of West Bengal will withdraw all its shares from KMRC and Govt of India will be the shareholder of KMRC along with JICA Thus Govt of West Bengal gave all its shares to the Ministry of Railways and making Kolkata Metro a central government entity again 1 Current status Edit The current shareholders are given below Ministry of Railways 74 including the shares of Govt of West Bengal Ministry of Housing and Urban Affairs 26 As of 31 March 2017 equity holding details Ministry of Railways 721 50 crore US 90 million 68 03 Ministry of Housing and Urban Affairs 339 crore US 42 million 31 97 1 2 Hurdles faced EditThe main problem that were faced by KMRC was regarding land Most of the places non availability of land led to delay in the project multiple times Some of them are mentioned below Land issue for construction of a new Central station for Line 2 thus leading to route realignment Land issue in Duttabad for erection of piers of elevated stretch and leading to resurveying of the stretch by RITES Land and rehabilitation issues in construction of Mahakaran station and so shifting the station location Other issues were Delay in finalisation of the newly aligned route from Sealdah to Howrah Improper and irregular flow of funds Traffic diversion related problems also led to delays 2 See also EditKolkata Metro Line 1 Kolkata Metro Line 2 Kolkata Metro Line 3 Kolkata Metro Line 6References Edit a b c Annual Report PDF Kolkata Metro Rail Corporation Ltd 2017 a b KMRC Annual Report PDF External links EditOfficial website Meet on E W Metro safety Times of India This Indian rail transport related article is a stub You can help Wikipedia by expanding it vte This Asian rapid transit article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Kolkata Metro Rail Corporation amp oldid 1099386956, wikipedia, wiki, book, books, library,
