Uttar Pradesh Metro Rail Corporation

Uttar Pradesh Metro Rail Corporation (UPMRC), formerly Lucknow Metro Rail Corporation, is a joint venture company that operates the Lucknow Metro in Lucknow, Uttar Pradesh.[2] The other metro projects in the state are also under its ambit now such as Kanpur Metro, Agra Metro, Meerut Metro, Varanasi Metro, Allahabad Metro, Gorakhpur Metro and Jhansi Metro. Its headquarters is at Vipin Khand, Gomti Nagar Lucknow[3][2]

Uttar Pradesh Metro Rail Corporation Limited (UPMRC)
State owned SPV
IndustryPublic Transport
PredecessorLucknow Metro Rail Corporation
Founded25 November 2013 (25 November 2013)
HeadquartersAdministrative 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)
Kumar Keshav, IRSE Managing Director)[1]
ServicesOperation & Consultation
OwnerGovernment of India (50%)
Government of Uttar Pradesh (50%)
WebsiteOfficial Website

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$280 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]

In 2018, LMRC was reconstituted to cover and implement other metro projects in the state and renamed as Uttar Pradesh Metro Rail Corporation.[2]

Services

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

References
  1. "Board of Directors". Lucknow Metro Rail Corporation. Retrieved 16 September 2017.
  2. "Lucknow Metro Rail Corporation is now UP Metro Rail Corporation &#124". The Times of India. Retrieved 12 December 2019.
  3. Singh, Priyanka (11 May 2015). "LMRC starts functioning from its new administrative building in Gomtinagar". The Times of India. Retrieved 19 September 2017.
  4. "Metro Rail Construction at Lucknow to begin by December". Biharprabha. 9 October 2013. Retrieved 16 September 2017.
  5. "About Us". Lucknow Metro Rail Corporation. Retrieved 16 September 2017.
  6. Rawat, Virendra Singh (27 June 2013). "Lucknow Metro rail gets green signal". Business Standard. Retrieved 19 September 2017.
  7. "Lucknow Metro a joint venture now, clearances to be faster". Hindustan Times. 30 March 2016. Retrieved 16 September 2017.
  8. "Consultancy Works for Metro in Other Cities". Lucknow Metro Rail Corporation. Retrieved 19 September 2017.
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