Monday, 7 October 2013

UP Cabinet Approves for NMRC Formation

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

No comments:

Post a Comment