Union Council of Ministers Approves Jaipur Metro Phase-2

The India===Union Council of Ministers, chaired by Prime Minister Narendra Modi, has approved the India===Jaipur Metro Phase-2 project, a 41 km North-South corridor from Prahladpura to Todi Mod, with 36 stations, at a cost of ₹13,037.66 crore. The project will be implemented by Government of Rajasthan===Rajasthan Metro Rail Corporation Limited (RMRCL), a 50:50 joint venture of the India===India and the Government of India===Rajasthan. This new corridor will connect major activity nodes in India===Jaipur, including industrial areas and the airport, and will integrate with the existing Phase-1 network. Expected to be completed by September 2031, the project aims to significantly reduce traffic congestion, lower vehicular emissions, and enhance mobility for residents and tourists, aligning with the India===Rajasthan TOD Policy-2025 and national sustainable urban transport objectives. The project has undergone comprehensive appraisal and has an Economic Internal Rate of Return exceeding 14%, indicating strong socio-economic viability. Funding will come from equity support from both governments, subordinate debt, and multilateral financing.