Uttar Pradesh Metro Rail Corporation

Uttar Pradesh Metro Rail Corporation Limited (UPMRC)
State owned Special Purpose Vehicle
Industry Public transport
Founded 25 November 2013 (25 November 2013)
Headquarters Uttar Pradesh Metro Rail Corporation Administrative Headquarters, Vipin Khand, Gomti Nagar, Lucknow, India
Area served
 Uttar Pradesh
Key people
 E. Sreedharan (Principal Adviser)
Durga Shankar Mishra, IAS (Union Housing and Urban Affairs Secretary and ex-officio Chairman, LMRC)
Kumar Keshav (Managing Director, LMRC)[1]
Services Operates Lucknow Metro, provides consultancy services for other Metro projects in Uttar Pradesh
Owner Government of India (50%)
Government of Uttar Pradesh (50%)
Website Official Website

Uttar Pradesh Metro Rail Corporation, abbreviated to UPMRC (earlier called Lucknow Metro Rail Corporation Limited abbreviated to LMRC), is a state-owned company that operates the Lucknow Metro in Lucknow, Uttar Pradesh.The other metro projects in the state are also under its ambit now such as Noida Metro, Meerut Metro, Agra Metro, Kanpur Metro and Allahabad Metro. Formerly headquartered at Janpath in Hazratganj, it moved to its new headquarters at Vipin Khand, Gomti Nagar in 2015.[2]

It is being reconstituted as UP Metro Rail Corporation to implement all metro rail projects in the state of Uttar Pradesh: Agra, Kanpur, Meerut, Varanasi & Gorakhpur.[3]

History

The LMRC was formed as a special purpose vehicle by the Government of Uttar Pradesh in 2013 to build and operate the Lucknow Metro.[4][5]

The formation of LMRC was formally approved by the Cabinet of Uttar Pradesh Government in June 2013.[6]

The SPV was incorporated under Companies Act, 1956 on 25 November 2013,[5] and it got the certificate to commence business on 24 December 2013.[5] The authorized capital of the company was decided to be ₹2,000 crore (US$279 million).[5]

In 2016, to speed up clearance processes for Lucknow Metro, LMRC became a 50:50 joint venture between the Government of India and the Government of Uttar Pradesh.[7] As a result, the LMRC board was reconstituted with five nominee directors being nominated by both Government of India and Government of Uttar Pradesh each, apart from the three full-time directors. Additionally, the Chief Secretary of Uttar Pradesh was replaced by the Union Urban Development Secretary as the ex-officio Chairman of LMRC.[7]

Services

Apart from operating Lucknow Metro, LMRC also provides consultancy services for Metro projects in Uttar Pradesh. LMRC, in association with RITES, has prepared Detailed Project Reports (DPRs) for Metro in other cities of Uttar Pradesh. LMRC is also currently working as an interim consultant for implementation of Kanpur Metro and Varanasi Metro projects.[8]

References

  1. ↑ "Board of Directors". Lucknow Metro Rail Corporation. Retrieved September 16, 2017.
  2. ↑ Singh, Priyanka (May 11, 2015). "LMRC starts functioning from its new administrative building in Gomtinagar - The Times of India". The Times of India. Retrieved September 19, 2017.
  3. ↑ https://timesofindia.indiatimes.com/city/lucknow/lucknow-metro-rail-corporation-is-now-up-metro-rail-corporation/articleshow/64501579.cms
  4. ↑ "Metro Rail Construction at Lucknow to begin by December". Biharprabha. October 9, 2013. Retrieved September 16, 2017.
  5. 1 2 3 4 "About Us". Lucknow Metro Rail Corporation. Retrieved September 16, 2017.
  6. ↑ Rawat, Virendra Singh (June 27, 2013). "Lucknow Metro rail gets green signal". Business Standard. Retrieved September 19, 2017.
  7. 1 2 "Lucknow Metro a joint venture now, clearances to be faster". Hindustan Times. March 30, 2016. Retrieved September 16, 2017.
  8. ↑ "Consultancy Works for Metro in Other Cities". Lucknow Metro Rail Corporation. Retrieved September 19, 2017.


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