Date Of Post: 02 Jan, 2018
Noida: The NMRC (Noida Metro Rail Corporation), Uttar Pradesh government and Union Ministry of Housing & Urban Affairs are expected to sign a Memorandum of Understanding (MoU) for 30km Noida-Greater Metro project in the first week of January, officials said. On signing the MoU, NMRC will be eligible for financial assistance from the Centre for projects in Noida, Greater Noida & Yamuna Expressway areas.
- NMRC, in its 14th board meeting held on December 30, approved a proposal for signing the MoU.
- In February 2016, NMRC had requested the Union ministry of housing & urban affairs to accept a 50% stake in the company through signing an MoU.
- PD Upadhyay, general manager of NMRC, said,“The ministry of housing and urban affairs has given its approval for the project and sent a draft of the MoU for signing purpose. Now, we have sent the draft to the UP chief secretary for signing. Subsequently, it will be signed by the secretary to the Government of India. We hope the MoU will be signed in the first week of January. We will be able to get Rs300 crore fund in the current financial year for the project.”
- An NMRC official said,“Centre’s stake in NMRC will boost the under-construction 30-km Noida-Greater Noida Metro project and also fast-track other proposed Metro projects in Noida and Greater Noida. Now, NMRC will not only depend on Noida or Greater Noida for funds for new Metro projects. Centre will take care of the funds for the Metro projects once the MoU is signed.”
Image Credit: Edmund Gall – Flickr