Gujarat govt approves GSRTC and SMC’s funding for Phase-II of Surat MMTH Project

July 07, 2024
Gujarat govt approves GSRTC and SMC’s funding for Phase-II of Surat MMTH Project

Gandhinagar: Gujarat State Road Transport Corporation (GSRTC) presented a proposal to the Government of Gujarat to approve its share of Rs 183.77 crore for Phase-II of the Surat Multi-Modal Transport Hub (MMTH) project. This amount represents 37% of the total Rs 496.68 crore cost, with the Ministry of Railways (MoR) already sanctioning Rs 313.03 crore, or 63% of the total.

The Government of Gujarat approved GSRTC’s proposal for Rs. 183.77 crore (GSRTC and Surat Municipal Corporation’s share) for Phase-II of the Surat MMTH project, aligning with MoR’s earlier sanction. It also agreed to assume the year-wise liability of GSRTC (34%) and SMC (3%) as follows:

Year Year wise expenditure envisaged (Rs. in Crore) For Phase-II Elevated Road Corridor  GoG’s share (in Rs. Crore) approx GoG’s(GSRTC)

34% share (in Rs.Crore) approx.

 GoG’s (SMC) 3% share (in Rs. Crore) approx.. 
24-25 198.80  73.56  67.59  5.97
25-26  248.44  91.92  84.47  7.45
26-27  49.44  18.29  16.81  1.48
TOTAL  496.68 183.77  168.87  14.90

 

The Surat MMTH is a joint project involving the MoR, the GSRTC, and the SMC. The project, planned in three phases, is executed through the Surat Integrated Transport Development Corporation (SITCO). SITCO’s funding comprises 63% from MoR through IRSDC and 37% from the Government of Gujarat (34% GSRTC and 3% SMC). The Government of Gujarat approved Rs 297 crore for Phase I and Rs 180 crore for Phase II. DeshGujarat

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