Punjab, Haryana and Chandigarh will sign a memorandum of understanding (MoU) related to the ambitious metro rail project.
Recently, all the three stakeholders had agreed upon the terms and conditions of the MoU and the approval of the same was conveyed to the government of India.
Earlier, the urban transport (UT) administration had altered the MoU circulated by the ministry. The changes were made with an aim to make all the three stakeholders reach consensus for execution of the project. The administration had done away with the public-private partnership (PPP) mode and it was decided that all the three stakeholders would have 25 per cent stake in the project, while the remaining 25 per cent would be financed by the government.