"Jaipur's development to gain new momentum": Rajasthan CM Bhajanlal Sharma on Jaipur Metro Phase-2 approval
Jaipur (Rajasthan) [India], April 8 (ANI): Rajasthan Chief Minister Bhajanlal Sharma on Wednesday said that Union Cabinet approval for Jaipur Metro Phase-2 is set to give a fresh momentum to the city's development.
Sharing an X post, Sharma wrote, "Jaipur's development to gain new momentum! Heartfelt thanks to the Union Cabinet, chaired by the Hon'ble Prime Minister Shri @narendramodi ji, for approving Jaipur Metro Phase-2! This 41 km long 'North-South Corridor' costing ₹13,037.66 crore will become the city's lifeline from Prahladpura to Todhi Mod."
He further added, "From Sitapura to VKIA, this corridor will ease traffic while also strengthening the resolve for 'Developed Rajasthan'."
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved Jaipur Metro Phase-2, a transformative 41 km long North-South corridor from Prahladpura to Todi Mod, comprising 36 stations, at a total project cost of Rs 13,037.66 crore.
The Phase-2 corridor will provide seamless connectivity to major activity nodes such as Sitapura Industrial Area, VKIA, Jaipur Airport, Tonk Road, SMS Hospital and Stadium, Ambabari and Vidhyadhar Nagar. It includes underground stations in the airport area and will integrate with the operational Phase-1 through planned interchanges and feeder systems, ensuring a unified and continuous metro network across the city.
The project has an Economic Internal Rate of Return (EIRR) which is more than the threshold (>14%), indicating strong socio-economic viability. Funding is structured through equity support from the Government of India and the Government of Rajasthan, subordinate debt and multilateral financing, in accordance with the Metro Rail Policy, 2017.