The State Govt. has begun to prepare the Detailed Project Report (DPR) for Jammu Metro. However, because of unfavourable weather conditions in Srinagar for past few months, a Preliminary Project Report has not been able to be completed yet.
The Japanese Govt. is providing the load for this major project undertaken under the banner of Japan India Special ODA Loan for Metro and Railway Projects in India. Upon the directives of the Centre, the J&K Govt. has accounted the Economic Reconstruction Agency (ERA) as the nodal agency for the development of this ambitious project.
RITES Limited, an engineering consultancy company, specializing in the field of transport infrastructure established in 1974 by the Government of India reached an agreement with the State Govt. To acquire the loan from the Japanese, a PPR had to be prepared and sent alongwith the Loan form as a prerequisite. RITES Limited has almost drafted the PPR and begun to prepare the DPR for Jammu Metro. After this, in the coming fortnight, DPR preparation for Srinagar Metro will also be initiated. After the submission of the DPR, the Japanese Govt. can allow to release the Loan for development of the project.