News
PIB nod in; Centre to provide Rs 1,039 cr for Noida Metro


The Noida Metro Rail Corporation has received the Project Investment Board approval for the provision of Rs.1,039 crore for the under-construction 30km Noida-Greater Noida Metro project.
“PIB appraisal means a lot for NMRC at this stage because we will get financial assistance and other necessary support from the Centre for the 30 km Metro project, which will integrate Greater Noida with the Delhi-NCR area,” NMRC Managing Director Santosh Yadav was quoted in the media as saying on Wednesday.
PIB has suggested few changes to the project and NMRC has to incorporate the prescribed changes before sending a revised proposal to PIB.
“They suggested that NMRC and local authorities should develop facilities to address last-mile connectivity at all 21 metro stations that are part of this link. We have already planned to run feeder bus services, develop cycle sharing system and build parking facilities along the metro link. We will make the necessary small changes and send the project proposal to PIB,” Yadav said.
NMRC has completed around 50 per cent construction of the project and aims to open this line by November 2017. Around 70 per cent construction of the 21 Metro stations is almost complete, officials said.
PIB is a Central body that examines large-scale infrastructure plans of the Government. It has nine members, including members from the Ministry of Railways, Urban Development, Home and Finance.
-
News4 weeks ago
Brigade Group’s Real Estate Sales Grows 25% QoQ to ₹ 1,249 Crores
-
News4 weeks ago
Diwali: Perfect Occasion for RE Investment
-
News4 weeks ago
CapitaLand India Trust Diversifies Funding Sources With Rs 13 Bn Onshore Loan To Develop Its Navi Mumbai Data Centre
-
News4 weeks ago
Bharat Housing Network raises Rs 125 cr in its Series A led by NABVENTURES Fund
-
News7 days ago
Q3 2023 Housing prices up 10% YoY led by positive buying sentiment: CREDAI –Colliers – Liases Foras| Housing Price-Tracker Report Q3 2023
-
News4 weeks ago
Up to 31% Housing Rental Value Growth in IT Hubs in Top 7 Cities in 9M 2023
-
News4 weeks ago
Risland India’s ‘Sky Mansion’ Obtains OC
-
Report4 weeks ago
Colliers APAC cap rate report_Q3 2023_V2