Cabinet approves an extension of Delhi Metro corridor from Noida City Centre to Sector-62, Noida Uttar Pradesh
By Accommodation Times Bureau
In a major boost to public transport infrastructure in Noida, the Union Cabinet Chaired by Prime Minister Narendra Modi has approved an extension of Delhi Metro corridor from Noida City Centre to Sector-62, Noida Uttar Pradesh covering a length of 6.675 k.m. at the total completion cost of Rs.1,967 crores. Gol liability will be Rs. 340.60 crore on account of Grant and Subordinate Debt.
– Approval for Extension of Delhi Metro corridor from Noida City Centre to Sector-62, Noida, Uttar Pradesh covering a length of 6.675 k.m.
– Total completion cost of the project is Rs.1,967 crore.
– Project will be implemented by Delhi Metro Rail Corporation Limited (DMRC), the existing Special Purpose Vehicle (SPV) of the Government of India and Government of National Capital Territory of Delhi.
– Project will be covered under the legal framework of Central Metro Acts, Metro Railways (Construction of Works) Act, 1978 and the Metro Railways (Operation and Maintenance) Act, 2002, as amended from time to time.
The extension of Delhi Metro corridor from Noida City Centre to Noida Sector 62 is the extension to Dwarka-Noida City Centre line of Delhi Metro system which will result into people being assured about their mobility and thus more people will like to move to this satellite town of Delhi, thus decongesting Delhi. As a result, more residential and commercial complexes will develop in this region. With metro rail in place, there will be less vehicular traffic on roads leading to less congestion, less time and cost of journey, less consumption of fossil fuel and less environmental pollution.
The population of Noida and people of surrounding areas will be greatly benefitted by the extended line. At the project site, approximately 800 staff including Engineers and other staff have been engaged. Further, DMRC has started the procedure for recruitment of around 200 employees for Operation & Maintenance of this corridor.
About 81% progress of civil work and 55% of overall financial progress of the project have been achieved.