The Union Cabinet of India has approved the ₹13,038 crore (approximately $1.57 billion USD) Jaipur Metro Phase 2 project, which aims to enhance urban mobility and alleviate traffic congestion in Jaipur, Rajasthan. This phase will extend the metro network by 41 kilometers, connecting Prahladpura to Todi Mod and incorporating 36 stations, of which 34 will be elevated and 2 will be underground. The project is designed to integrate seamlessly with the existing Phase 1, which runs from Mansarovar to Badi Chaupar and has an average daily ridership of around 60,000 passengers. The project aligns with the Rajasthan Transit-Oriented Development (TOD) Policy-2025 and aims to meet national sustainable urban transport objectives. Funding will be structured through equity support from both the Government of India and the Government of Rajasthan, alongside subordinate debt and multilateral financing, ensuring the project's economic viability with an Economic Internal Rate of Return (EIRR) exceeding 14%.