UP Chief Secretary Jawed Usmani said the new Metro route has been necessitated to decongest the city roads, increase connectivity and smoothen traffic. Work on the proposed line was likely to be completed by 2017, he said. He also said that a total of Rs.5,000 crore would be spent on the ambitious Metro rail link.
Noida: The Uttar Pradesh Government late on Monday announced the setting up of the Noida Metro Rail Corporation (NMRC) as a special purpose vehicle to facilitate a 29.5-km Metro rail route between Noida City Centre and Greater Noida.
The Metro line will be constructed without DMRC`s help and the newly-created NMRC will make an initial investment of Rs 1,000 crore, disclosed senior Noida Authority official.
Holding a meeting of officials of the departments concerned, the chief secretary said the project would be developed on the lines of the proposed Metro projects in states like Karnataka, Tamil Nadu, Delhi, West Bengal and Kerala.
Principal Secretary (Industrial Development) Surya Pratap Singh said that due to some reasons, the Metro line between Noida and Greater Noida is not possible as an extension of the projects undertaken by the Delhi Metro Rail Corporation (DMRC).
The CEO of Noida and the Greater Noida Authority Rama Raman said, "During board meeting on January 11, a 29.707 kilometre Metro line was announced between Noida and Greater Noida, estimated at a cost of Rs 5,064 crore. We will soon approach the registrar of companies, Uttar Pradesh, for clearance and the work on the NMRC will begin soon. We have passed the proposed MoU from our end and will seek clearance from the Uttar Pradesh government. After that, the proposal will go to the Urban Development Ministry for final clearance."
Earlier, Noida, Greater Noida and Yamuna Expressway authorities had announced an increase in floor area ratio allowed for land within 500 metres of the Metro corridor. officials announced that the board had passed a memorandum of understanding with regard to the extension of the DMRC line between Botanical Garden and Kalindi Kunj. The 3.96-km line is to be built at a cost of Rs 845 crore.
A senior official said, "We have increased the FAR by 0.5 for building within 500 metres of the Metro line. This will increase value of land near the Metro line. The increased revenue will aid development work, including proposed Metro lines in the area. "