Title - No proposal for extra tax to fund Metro

LUCKNOW: The chairman of Lucknow Metro Cell, Rajiv Agarwal, has said that there was no proposal to charge additional tax from the residents to create financial resources for the project in the city.The project would be executed on 50:50 model (DMRC model) according to which, 20% funds would be disbursed by the Centre and other 20% by the state government in the form of equity participation. The rest amount would be arranged from an external loaning agency.garwal clarified: "The detailed project report prepared by the DMRC only suggests some alternative sources of income. However there is no proposal at the moment on levying any kind of charge." To implement such proposals, consultations need to be made with the departments concerned and various stakeholders which is a time-taking process. "Only then such proposals can be approved," he added.Also such proposals need necessary changes /amendments in the existing law and Act, only after which the new taxes can be levied. He said that as of now there was no such proposal in the pipeline but in future some 'user charges' would be taken from residents for a new facility.