Subhash GSRTC and METRO STATION PLAN (Ahmedabad)

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Metro rail Project to facilitate movement between Gandhinagar-Ahmedabad as an outcome of the IPTS study for Ahmedabad City initiated by Gujarat Infrastructure Development Board (GIDB) to identify the solutions for Urban Transport problem in the city, preparation of Detailed Project Report (DPR) for Metro Rail System for Ahmedabad and Gandhinagar was initiated by GIDB in 2003 through Delhi Metro Rail Corporation (DMRC) and RITES. The DPR was submitted by DMRC in June 2005.

As per the DPR, the total project cost was 4295 crore rupees, and the project revenues were estimated based on projected Fare Box revenue. In addition to Fare Box revenue, 10% of Fare Box revenue was estimated to be generated through value capture of property development. Based on above assumptions, the FIRR of the project was estimated to be 4.64%. It was assumed that about 1500 Crore rupees will be generated through property development, and another 1500 Crore would be infused by the Government as Viability Gap Funding. Later, it was decided not to go ahead with Metro Rail project to give priority to the BRTS and Regional Rail system Projects.

Considering the forthcoming developments in and around Ahmedabad – Gandhinagar, in 2008 it was decided to go ahead with the Metro Rail Project. It was also suggested to provide linkages of the Metro Rail System to GIFT City which is required to make it viable and to Sardar Vallabhbhai Patel International Airport.