Centre approves Delhi-Ghaziabad-Meerut rapid rail corridor worth Rs 30,200 Cr

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By Accommodation Times Bureau

NEW DELHI:

On Tuesday, the Union cabinet approved Delhi-Ghaziabad-Meerut Corridor of Regional Rapid Transit System (RRTS) which will be developed by National Capital Region Transport Corporation (NCRTC).

The total cost of the project is Rs 30,274 crores and the project will be spread over a distance of 82.15kms. (68.03 km elevated and 14.12 km underground).

The project is joint ownership of the Centre and State Governments with equal contribution, loan from multilateral/bilateral agency through the Department of Economic Affairs (DEA)/Ministry of Finance (MoF) by generally following wherever necessary, various formalities, CVC guidelines and DPE guidelines as necessary for strengthening corporate governance, ensuring transparency and accountability by increased participation by all stakeholders and by putting relevant information in public domain on the website etc, an official release said

The project involves integration with other urban transport systems in an efficient and effective manner which is possible only by adopting innovative methods of designing, technology and institutional management.

The RRTS aims to streamline the urban transportation system, which is stressed due to intensive developments, an increase in the number of private vehicles, thus putting stress on travel infrastructure and industrial activities, and by providing the people with a safe, secure, reliable, fast and comfortable public transport.

Implementation of the RRTS would provide much-needed additional public transport infrastructure to the National Capital Region to address issues of congestion, air-pollution and catalyse balanced and sustainable regional development.





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