The Indian Metro Rail Networks has a corner for the city of Ahmedabad which will go for the first phase of Ahmedabad MEtro Rail Project covering 35.96 kilometre at an estimated project cost of Rs.10773 crore. It has got approved by The Union Cabinet.
Rupees one thousand nine hundred and ninety crore to be contributed by the Central Government but in the way of equity & subordinate debentures. The Financial minister Arun jaitley claimed that the Resources will be in use by Central Government, private and institutional investors.
The project is accountable by Metro-Link Express for Gandhinagar & Ahmedabad Company Ltd being a 50:50 ratio of Central and Gujarat Government
The 1st work order for Ahmedabad Metro rail project valuing Rs. 278 crore is granted to Vastral-Apparel park stretch is commence by March 2015. The MEGA company had called on tender for “building of Elevated Viaduct from Vastral Gam to Apparel Park up to Ramp Start in Reach R-1.