Kolkata Metro Rail Corporation (KMRC) is a Government of India enterprise formed in 2008. The agency was formed to oversee the implementing Kolkata Metro Line 2, also known as East West Metro, connecting the twin cities Kolkata and Howrah. The metro rail route is partly underground including the part that will be under the river Ganges. The 16.6 km route has six station each in underground and elevated portions. The terminal stations are Salt Lake Sector V and the Howrah Maidan. The elevated stretch started operations on 13 February 2020.

Ownership

History

KMRC was formed as a joint venture company between two govt bodies, i.e. Government of West Bengal and Government of India on a 50-50 partnership basis. Ministry of Urban Development (now renamed as Ministry of Housing and Urban Affairs) holds the shares on behalf of Govt. of India. On 29 September 2010, it was decided that Govt. of West Bengal withdraws all its shares from KMRC, and Govt. of India will be the shareholder of KMRC along with JICA. Thus Govt. of West Bengal gave all its shares to the Ministry of Railways, and making Kolkata Metro a central government entity again.

Current status

The current shareholders are given below- As of 31 March 2017, equity holding details-

Hurdles faced

The main problem that were faced by KMRC was regarding land. Most of the places, non-availability of land led to delay in the project multiple times. Some of them are mentioned below- Other issues were-