India, Feb. 24 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the extension of the North-South corridor of the Gujarat Metro from GIFT City to Shahpur to boost regional connectivity. The approved extension will span 3.33km and include three elevated metro stations.

The project is expected to be completed within a period of about four years at an estimated cost of Rs.1,067.35 crore.

As per official projections, the extended corridor is expected to cater to around 23,702 passengers by 2029, with the annual ridership likely to rise to about 58,059 passengers by 2041.

Officials said the extension will significantly enhance connectivity between Ahmedabad and the GIFT region, which houses several multinati...