The Government of West Bengal and SREI Infrastructure Finance[1] signed a memorandum of understanding (MoU) to set up the light rail transit (LRT) system.
Bhattacharjee chose LRTS over the East-West Metro corridor for the assistance and asked the state transport secretary to prepare a revised feasibility study.
April 2005: The feasibility study by CES termed it as EMRTS (Elevated Mass Rapid Transit System) and proposed three corridors, all terminating at Esplanade.
[5] Mr. Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Limited signed an MOU with the Government of West Bengal to execute this project along with their consortium partners.
[6] February 2020: The Housing Infrastructure Development Corporation (Hidco) is engaging a consultant to prepare a project proposal for either a ropeway system or a personalized rapid transit or a light rail transit (LRT) system from New Town's Action Area III to the Biswa Bangla Gate on the Narkeldanga intersection of the main arterial road in Action Area I.