The Union Cabinet, led by Prime Minister Narendra Modi, has given the green light to extend the Gujarat Metro Rail Corporation Limited’s Ahmedabad Metro from GIFT City to Shahpur in Ahmedabad at a cost of Rs 1,067.35 crore. This expansion, covering about 3.33 kilometers and featuring three elevated stations, is slated for completion in around four years. The project, to be executed by GMRC, a joint venture between the Centre and the Gujarat government, is expected to serve around 23,702 passengers by 2029 and approximately 58,059 passengers by 2041.
The extended corridor is anticipated to create about 1,000 jobs during construction and employ around 250 individuals post-construction for operations and maintenance. The Cabinet communique highlighted that the project’s direct employment opportunities are significant and will also lead to indirect job creation. The Ahmedabad Metro Phase-I and Phase-II, totaling 68.28 kilometers with 53 stations, have been operational since September 2022 and January 2026, respectively, with a daily ridership of around 1,60,000.
This extension aims to enhance connectivity between Ahmedabad and the GIFT region, benefiting multinational companies, educational institutions, and commercial centers along the route. It will facilitate daily commuters traveling between Ahmedabad and the GIFT region for business, employment, and educational purposes. Notably, the trading activity in GIFT Nifty hit a new high on February 22, recording its highest-ever single-day trading volume of 457,989 contracts, amounting to a turnover of $23.48 billion.
