Noida Authority May Soon Approach Public Investment Board For Blue Line Extension Funds

Noida Authority May Soon Approach Public Investment Board For Blue Line Extension Funds

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Date of Post : 11 Aug, 2017

NOIDA: The 6.8km long Metro corridor between Noida’s sectors 32 & 62 that will link the city with Delhi as well as Ghaziabad is gaining momentum.

Soon the Noida Authority would approach the Public Investment Board (PIB) of the finance ministry to propose a release of 20% grant from the Centre for the extension of the Blue line Metro corridor.

On Thursday, Senior officials of Delhi Metro Rail Corporation (DMRC) & Noida Authority held a review meeting to remove all roadblocks along the important route alignment.

The review meeting was presided over by Noida Authority CEO Amit Mohan Prasad, officials said.

More Information:

  • AK Rai, additional CEO of Noida Authority said,”We have been told that there is an issue of a power line, which needs to be addressed.”
  • “We will clear it as soon as possible. A meeting regarding this has been scheduled on August 17 with the power corporation,” Rai added.
  • He said,”If approved, it will pave the way for Rs 376 crore grant in the Rs 1,880 crore Metro project from the Union government. We will soon put in the application for processing of the grant approval.”
  • Also, Noida Authority is scheduled to release the 2nd instalment of about Rs 900 crore to DMRC for the construction of the track.
  • In November 2015, construction on the 6.8km long Metro link commenced.
  • At present, the track is about 70% complete.
  • This line will extend from the existing City Centre Metro station & connect Sector 32 to Sector 62 & touch NH-24.
  • The route will have 6 elevated stations at sectors 34, 52, 59, 61, 62 & Electronic City (NH-24, Ghaziabad border).

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