The Japan International Cooperation Agency (JICA) will start survey work on the Gurgaon-Manesar-Bawal metro rail project this September, a senior Haryana government official said here Thursday.
Chief Secretary S.C. Choudhary, who is also chairman of the Haryana Mass Rapid Transport Corporation (HMRTC), said the 108-km-long project will cost Rs.27,411 crore. He said a detailed project report of this project was being prepared.
"The project would be jointly completed by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) and HMRTC. About 465 acres of land has been identified and notified for the project," he said.
Under the plan, Japan would provide loan of Rs.23,217.80 crore at a cheaper rate of 0.5 percent for the project and the remaining amount of Rs.4,193.20 crore would be shared by the DMICDC and the HMRTC.
Slated to start in 2015, the project would be completed in four years. As many as 50 metro stations will come up under the project.
The Gurgaon-Manesar-Bawal belt in Haryana, adjoining national capital Delhi, is an industrial corridor and a hub for software companies.