Date of Post: 02 Sep, 2017
GHAZIABAD: On Friday, the officials of NCR Transport Corporation (NCRTC) held a meeting with the Ghaziabad Development Authority (GDA) on the Delhi-Ghaziabad-Meerut Rapid Rail Transit Corridor project and deliberated on its cost benefit analysis.
GHAZIABAD TO HAVE 6 STATIONS UNDER THE TRANSIT ORIENTED DEVELOPMENT
- The work on this corridor is expected to begin in March next year.
- Sources said, 6 places have been earmarked in Ghaziabad district to develop stations under the transit-oriented development (TOD).
- The stations will be developed within a radius of 1.5 km around each railway stations.
- These are the 6 places where stations will come up:
- Ghaziabad city
- The remaining eight stations will come up in Delhi and Meerut,” said GDA vice-chairperson Kanchan Verma.
- The cost of the project has been pegged around Rs 32,000 crore
- The UP Government will have to shell out around Rs 4,500 crore in ten years out of the 32,000 Crore
- Expectedly, the project is set to complete in 2024.
- The NCRTC intends to recover the project cost by 2054 through various means.
- The meeting was held to discuss the finer points on cost benefit analysis.
- 5 Heads have been identified through which the project cost will be recovered:
- Stamp Duty
- External Development Charge (EDC)
- Floor Area Ratio
- Purchasable Floor Area Ratio
- Developing the 1.5 km radius into a commercial hub
- “We have made available to them a 10-year data of stamp duty and FAR of the area in and around six proposed rapid rail stations,” added Verma.
- The project, which will begin work from March next year, will reduce the travel time from Delhi to Meerut via Ghaziabad by an hour with rapid trains running at an average speed of 100-km/hr against a Metro train whose average speed is around 30-km/hr.
OTHER RRTS CORRIDORS IN INDIA
- NCRTC is executing the prioritized three RRTS corridors – Delhi-Alwar, Delhi-Meerut and Delhi-Panipat.
- Eight other corridors have been identified under the Integrated Transportation Plan 2032 prepared by the National Capital Region Planning Board (NCRPB).
- The other RRTS corridors are: