New Delhi: Centre today approved the 38.215 km long Nagpur Metro project at an estimated cost of Rs 8,680 crore. The project will be funded on equal sharing of cost basis between the state and the Centre with the latter contributing Rs 155 cr as equity and subordinate debt.

Nagpur Metro will connect 19.658 km of north-south corridor and 18.557 km of east-west corridor. The cabinet approved setting up of Nagpur Metro Rail Corporation to execute the project, said a senior Urban Development Ministry official.