lucknow the newly signed foreign loan agreement with european investment bank eib will speed up the construction of 35 km underground track from charbagh to kd singh babu stadium of lucknow metro as the funds would help in engaging more workforce and issuing required tenders for the process lucknow metro rail corporation lmrc targeting to complete underground construction by december 2018since state government had already funded a part of priority section initially lmrc will utilise the newly allocated funds for building the remaining elevated stretch from munshipulia to kd singh babu stadium eib has to extend total 450 million euros to lucknow metro for completing its 23 km long northsouth corridor the entire stretch has to be completed by march 2019eib signed an agreement with the centre on march 31 for disbursing 250 million euros to lucknow metro as the second tranche of loan amount for metro project it had already released the first installment to lucknow metro last year lmrc said that it is a soft loan so the way metros revenue is planned out lucknow metro will start making profits from the very first day of commercial operationa profitable project means that the train is able to make sufficient amount of money while on the go to meet out its operation and maintenance cost and also recover its investment cost within deadlinelmrc md kumar keshav said we have worked a on a comprehensive strategy to run profitable from day one this would be achieved through fare box and also nonfare box revenue fare box means whatever revenue is generated though ridership fares and nonfare box revenue implies various forms of advertising in train corridor and stations it also includes revenue earned by lmrc through realestate developmentlucknow metro has projected 841 firr financial internal rate return to recover its loan and manage its operational cost likewise eirr economic internal rate return is projected as 1946 this includes total impact on society in terms of saving energy and time and mitigating pollution that would increase productivity in city