The Delhi Metro Rail Corporation was asked to prepare a detailed project report (DPR) in 2007.
A special purpose vehicle, the Punjab Metro Rail Corporation (PMRC), will be established to execute the project.
[6] On 17 July 2012, Punjab Chief Minister Parkash Singh Badal approved the project in the Public-Private Partnership (PPP) or Build Operate Transfer (BOT) model.
Also a Special Purpose Vehicle (SPV) should be set up for the Ludhiana Metro and should be registered under Companies Act.
It should be a public sector undertaking of the state government and be named "Punjab Metro Rail Corporation".