Mysuru: Following the Government Decision of the United States to develop Metro Lite, the Neo Rail Metro system in level II cities such as Mysuru to increase transportation quickly, Urban Development Authority Mysuru will prepare a reports of feasibility for the new railroad system.
Metro Lite, Metro Neo Rail Systems is currently being run in Nagpur and Nashik in Maharashtra, and several cities Gujarat.
Speaking to reporters at a press conference here, Young Chairperson HV Rajiv said the body of urban development has signaled interest in two new technologies of the train system – Metro Lite, Metro Neo – which will help promote tourism, industrial activities and fuel economic growth.
The new railroad system is cheaper when compared to other Metro rail systems, but they provide similar experiences, comfort and safety in Tier-II cities and peripheral regions of the level-I city on other metropolitan network network pathways introduced in cities Metropolitan.
The development of regular railroad lines works around RS 150 Crore per km, but the new system development costs between Rs 50 Crore – RS 75 Crore.
“As a central fund center of around 80% of the costs, the remaining 20% of funds for the railroad system will be funded by the urban body and the state government.
This project can come true as soon as the board of directors has given approval to prepare for feasibility reports and feasibility tests At the Friday meeting, “said Rajiv.
Online Khata to Propertmuda has decided to issue online Khata to property buyers in an effort to avoid intermediaries and bring transparency in administration, Young Chairperson HV Rajiv said.
Young meetings have also given approval for the construction of 1,940 group houses at the cost of RS 452 Crore planned in the Vijayanagar area, Ramakrishnagar and Sathgalli on the KHB line, the Bengaluru urban development model.
The Group House will have an underground that will have facilities such as swimming pools, pharmacies, laundry among others.
Young to prepare a feasibility report for Metro Lite & Neo
