Months after the Finance Department approved the construction of Line 1C and Line 1D of the Jaipur Metro, the Urban Development and Housing Department (UDH) has commissioned the Jaipur Development Authority (JDA) to undertake a Loan Entering Ltd (JMRCL) and finances the projects.

The city government is reported to be applying for a loan from the National Capital Region Planning Board (NCRPB) soon.

“At a recent meeting of the UDH department, it was decided that JDA will take a loan on behalf of JMRCL as it is not credible to borrow such a huge amount.

“It is common in transport companies, which often have operational losses. JDA has this credibility because of its assets – mainly several land banks it owns,” said a senior UDH department official.

In November 2022, the Finance Department authorized the construction of Line 1C of Jaipur Metro. This extension would connect a 2.26 km stretch from Badi to Transport Nagar on the Delhi-Agra highway.

Earlier, in October 2022, the department had approved Line 1D of Jaipur Metro in which metro services will be extended over a stretch of 1.3 km from Mansarovar to Ajmer Road. Together, these two projects would cost Rs 11.98 billion.