Ghaziabad Metro Update: Housing Development Council Releases Rs 31 crore As Second Installment Of Its Contribution For Metro Rail Project in Ghaziabad

Ghaziabad Metro Update: Housing Development Council Releases Rs 31 crore As Second Installment Of Its Contribution For Metro Rail Project in Ghaziabad

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Date of Post: 04 Oct, 2017

Ghaziabad: Housing Development Council has released the second installment of its contribution for the Metro Rail project in Ghaziabad.

Around Rs 31 crore (approx US$ 4.7 Million) have been sent to GDA on behalf of Housing Development Council, GDA finance controller Subedar Singh said.

GDA will transfer this fund to DMRC (Delhi Metro Rail Corporation) within 2 days after completing the paperwork.

More Information:

  • Housing Development Council has to contribute Rs 440 crore (approx US$ 67.6 Million) for the Metro rail project from Dilshad Garden in New Delhi to New bus stand in Ghaziabad.
  • Already, the council has released Rs 50 crore (approx US$ 7.6 Million) as the first installment.
  • As a second installment, around Rs 31 crore (approx US$ 4.7 Million) has been given to GDA.
  • The remaining 359 crore (approx US$ 55.2 Million) will be paid after getting the infrastructure fund from the government.

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