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Metro link, industrial township top projects for twin cities in 2014

Comments Off on Metro link, industrial township top projects for twin cities in 2014   |   February 4, 2014    10:59am   |Contributed by manoja

NOIDA: State infrastructure and industrial development commissioner (IIDC), Alok Ranjan, said on Friday that Rs 13,000 crore would be spent on infrastructure projects in Noida and Greater Noida this year. State government officials said that work on the Metro line expansion from Noida to Greater Noida would begin within three months.

Talking to TOI, Rama Raman, chairman of the Noida, Greater Noida and Yamuna Expressway authorities, said that he expects to lay the foundation stone of the 30km-long Metro link between Noida City Center station to Bodaki in Greater Noida by next year.

Earlier, Noida Authority had announced the formation of the Noida Metro Rail Corporation (NMRC) at a cost of Rs 1,000 crore to expedite the project with all formalities related to its formation.

“We are simultaneously working on forming the NMRC and pitching in the DMRC as a consultant for the project. The central government has already asked the NMRC to be formed while the proposal to form it with 100% equity by UP only is pending with the state government. We hope to get the green signal soon. Our intention is to start work for the Metro link next year. We are likely to decide the date of foundation stone laying ceremony soon. We are on way to complete the official paper work required to do so,” he said. Earlier, former Delhi CM Sheila Dixit had opposed the DMRC working outside the capital but officials are now hopeful that things would be streamlined soon and the Metro expansion in UP will take off soon.

The proposed Metro link will from the City Centre Metro station in Noida and would reach the Noida-Greater Noida Expresswaym, passing through Sector 32 via Sectors 51,83,101, 143, 147, Knowledge Park II, Alpha, Delta to Knowledge Park IV before touching Pari Chowk. A part of the track will be elevated while the rest of it will be on the ground. The estimated cost of the project is around Rs 5,000 crore, which would be borne by the Noida Authority and Greater Noida Industrial Development Authority (GNIDA). This 29.707 km long line will have 22 stations.

Ranjan stated that Rs 5,000 crore would be spent by Noida Authority with the Centre spending Rs 3,000 crore. The Greater Noida and Yamuna Expressway authorities would spend Rs 3,000 crore and Rs 2,000 crore each.

“The three cities are set to witness a bounty of mega projects in 2014 including metro expansion, heliport, NMRC (Noida metro rail corporation) formation, two new affordable housing projects, a state-of-the-art STP, a government inter-college for girls, construction orders for a medical university, a 200-bed district hospital with trauma centre, underpasses at City Center and sector 94 inter-section, a multi-level parking space capable of accommodating 3,000 cars in sector 18, Night Safari, civic center etc,” Ranjan said.

Raman said that this is the year infrastructure development for Noida, Greater Noida and Yamuna Expressway region.

With regard to other infrastructure projects, Raman said, “UP will enter into an agreement with the Centre to develop the state’s first integrated industrial township along the DMIC.”

The Greater Noida Industrial Development Authority (GNIDA) will form a joint venture with the DMIC Trust to execute the project. The Cabinet Committee on Economic Affairs had approved the proposal to set up the joint venture company with equity contribution of 50 percent from each partner. “The new entity is responsible for development of trunk infrastructure of the integrated industrial township at Greater Noida in the Dadri-Noida-Ghaziabad Investment Region of the DMIC,” Raman said.

“Under the ‘early bird project’, the Bodaki Railway Station will be developed as a Passenger and Commercial Cargo Hub. There will be a Multi Modal Logistics Hub at Dadri, a power project in Greater Noida, and a Mass Rapid Transit System (MRTS) between Dadri-Noida-Ghaziabad Investment Region and Delhi,” said Raman, adding that the project would cost Rs 1,714.7 crore.

“The project cost of Rs 1714.7 crore is proposed to be met by equity contribution of Rs 617.20 crore by the DMIC Trust and the state government. The equity from the state government would be in the form of land which would be transferred to the joint venture company,” he added.

The infrastructural industrial township is expected to attract private sector investments of over Rs 33,000 crore over a 30-year period and generate significant employment. It is also intended to lead to a multiplier effect in each of the target industry sectors, including backward and forward linkages with other sectors of the economy.


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