UP
government approves to Noida Metro Rail Company (NMRC) in principle
of the Noida to Greater Noida metro link, for the expansion of metro
rail link. The authorities are talking steps to raise funds for the
metro rail link, which will cost around 5,000 crore. This 29-km-long
Metro project will require a lot of budget. Work on this project is
likely to be completed on 2017. They will use the latest technologies
to bring efficiency to its project. This will have in catering to a
large number of people.
"The
metro link's tentative budget is Rs. 5,000 crore. Both the Centre and
the state will have a 50:50% stake. The Noida and Greater Noida
authorities will have a 70:30% stake in the both NMRC and the metro
link," said Raman.
This
project will be the first link to be developed by NMRC and they will
start performing until the end of this year. It will be the first big
project, which will construct a 29 km long metro link to connect
Noida City Center and Greater Noida's Bodaki. It will bring
connectivity and feasibility for many people who travel from Noida or
Greater Noida.
Raman said
that the final touch is being given to the metro rail link proposal.
“We are exploring all options to raise fund. Some rules and
condition were also discussed and finally incorporated in the final
proposal,” he added.
Expanding
metro links in Noida and Greater Noida is a very positive step moving
towards the better and improved infrastructure. It will increase the
connectivity of the region. The metro connectivity assigns great
importance to conversation of places.
The
Noida authority officials are working on the project to present
before the state government and want an expert like Sreedharan as a
guide for the quality of work relating to Delhi Metro Rail
Corporation that had built the Delhi Metro.
“This
decision will not only enhance the connectivity of the region and
strengthen the capital values of real estate. Formation of NMRC will
be a benchmark for the development of entire UP because the NMRC will
not only reduce to Noida but it will also cater other cities also.
Metro connectivity along Noida Expressway including Greater Noida,
will infuse a positive sentiment into real estate market,” said
Vijay Gupta of Assocham.
NMRC
will help in the development of Uttar Pradesh region, as it will get
the easy connectivity with other cities too.
Property
From Indiais happy with the proposal of metro rail link connectivity between
Noida to Greater Noida as it will increase the interest of investors
on the properties developing in these two cities
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